Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) to Issue Monthly Dividend of $0.15

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) declared a monthly dividend on Monday, June 23rd, NASDAQ Dividends reports. Shareholders of record on Monday, June 23rd will be paid a dividend of 0.1475 per share on Friday, June 27th. This represents a $1.77 annualized dividend and a yield of 12.96%. The ex-dividend date is Monday, June 23rd.

Invesco KBW High Dividend Yield Financial ETF Price Performance

Shares of KBWD stock opened at $13.66 on Wednesday. The firm has a market cap of $393.13 million, a P/E ratio of 9.99 and a beta of 1.40. The stock’s 50-day moving average is $13.55 and its two-hundred day moving average is $14.32. Invesco KBW High Dividend Yield Financial ETF has a fifty-two week low of $11.96 and a fifty-two week high of $16.38.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Invesco KBW High Dividend Yield Financial ETF stock. Jones Financial Companies Lllp increased its stake in shares of Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) by 5,978.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 12,156 shares of the company’s stock after acquiring an additional 11,956 shares during the period. Jones Financial Companies Lllp’s holdings in Invesco KBW High Dividend Yield Financial ETF were worth $176,000 as of its most recent filing with the SEC.

About Invesco KBW High Dividend Yield Financial ETF

The Invesco KBW High Dividend Yield Financial ETF (KBWD) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a dividend-yield-weighted index of US financial firms. KBWD was launched on Dec 2, 2010 and is managed by Invesco.