Envestnet Asset Management Inc. Decreases Stake in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD)

Envestnet Asset Management Inc. lowered its holdings in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD – Get Rating) by 26.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,414 shares of the company’s stock after selling 23,321 shares during the quarter. Envestnet Asset Management Inc. owned 0.29% of Invesco KBW High Dividend Yield Financial ETF worth $987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of KBWD. Captrust Financial Advisors bought a new stake in shares of Invesco KBW High Dividend Yield Financial ETF in the first quarter worth $37,000. RFP Financial Group LLC bought a new stake in shares of Invesco KBW High Dividend Yield Financial ETF in the fourth quarter worth $39,000. WFA of San Diego LLC bought a new stake in shares of Invesco KBW High Dividend Yield Financial ETF in the fourth quarter worth $108,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Invesco KBW High Dividend Yield Financial ETF in the third quarter worth $166,000. Finally, Arete Wealth Advisors LLC bought a new stake in shares of Invesco KBW High Dividend Yield Financial ETF in the third quarter worth $171,000.

Invesco KBW High Dividend Yield Financial ETF Stock Performance

NASDAQ:KBWD opened at $13.93 on Friday. The stock has a 50-day simple moving average of $14.25 and a two-hundred day simple moving average of $14.86. Invesco KBW High Dividend Yield Financial ETF has a 52-week low of $13.53 and a 52-week high of $18.55. The firm has a market capitalization of $330.84 million, a PE ratio of 10.40 and a beta of 1.40.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 26th. Shareholders of record on Tuesday, May 23rd will be issued a dividend of $0.1619 per share. This represents a $1.94 annualized dividend and a yield of 13.95%. The ex-dividend date is Monday, May 22nd. This is a positive change from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.15.

About Invesco KBW High Dividend Yield Financial ETF

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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.