Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Plans Dividend Increase – $0.15 Per Share

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) declared a monthly dividend on Monday, November 20th, NASDAQ reports. Shareholders of record on Tuesday, November 21st will be given a dividend of 0.1467 per share on Friday, November 24th. This represents a $1.76 dividend on an annualized basis and a yield of 12.01%. The ex-dividend date of this dividend is Monday, November 20th. This is a positive change from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.14.

Invesco KBW High Dividend Yield Financial ETF Stock Up 0.5 %

KBWD stock traded up $0.07 during mid-day trading on Monday, reaching $14.66. 79,172 shares of the company traded hands, compared to its average volume of 93,862. The stock has a market cap of $348.32 million, a price-to-earnings ratio of 10.40 and a beta of 1.40. Invesco KBW High Dividend Yield Financial ETF has a fifty-two week low of $13.04 and a fifty-two week high of $17.78. The firm’s 50 day moving average price is $14.62 and its 200 day moving average price is $15.13.

Hedge Funds Weigh In On Invesco KBW High Dividend Yield Financial ETF

Hedge funds have recently added to or reduced their stakes in the stock. Money Concepts Capital Corp purchased a new position in shares of Invesco KBW High Dividend Yield Financial ETF in the 4th quarter worth approximately $28,000. Captrust Financial Advisors purchased a new position in shares of Invesco KBW High Dividend Yield Financial ETF in the 1st quarter worth approximately $37,000. First Capital Advisors Group LLC. purchased a new position in shares of Invesco KBW High Dividend Yield Financial ETF in the 4th quarter worth approximately $55,000. IFP Advisors Inc boosted its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 34.7% in the 2nd quarter. IFP Advisors Inc now owns 5,491 shares of the company’s stock worth $86,000 after buying an additional 1,415 shares during the last quarter. Finally, Arete Wealth Advisors LLC purchased a new position in shares of Invesco KBW High Dividend Yield Financial ETF in the 1st quarter worth approximately $175,000.

Invesco KBW High Dividend Yield Financial ETF Company Profile

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.