Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) Trading Down 1% – Time to Sell?

Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) dropped 1% during trading on Monday . The company traded as low as $12.17 and last traded at $12.17. Approximately 267,493 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 384,375 shares. The stock had previously closed at $12.29.

Invesco KBW High Dividend Yield Financial ETF Price Performance

The stock has a market capitalization of $407.57 million, a PE ratio of 10.83 and a beta of 1.02. The business has a 50 day moving average price of $12.79 and a 200 day moving average price of $13.33.

Invesco KBW High Dividend Yield Financial ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were paid a $0.1409 dividend. The ex-dividend date of this dividend was Monday, May 18th.

Institutional Investors Weigh In On Invesco KBW High Dividend Yield Financial ETF

A number of institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 5,978.0% during the first quarter. Jones Financial Companies Lllp now owns 12,156 shares of the company’s stock valued at $176,000 after purchasing an additional 11,956 shares in the last quarter. Cetera Investment Advisers lifted its stake in Invesco KBW High Dividend Yield Financial ETF by 39.9% during the 2nd quarter. Cetera Investment Advisers now owns 47,041 shares of the company’s stock valued at $652,000 after acquiring an additional 13,405 shares during the period. Raymond James Financial Inc. lifted its stake in Invesco KBW High Dividend Yield Financial ETF by 229.3% during the 2nd quarter. Raymond James Financial Inc. now owns 161,894 shares of the company’s stock valued at $2,245,000 after acquiring an additional 112,725 shares during the period. Jane Street Group LLC bought a new position in Invesco KBW High Dividend Yield Financial ETF during the 2nd quarter valued at about $515,000. Finally, WFA of San Diego LLC bought a new position in Invesco KBW High Dividend Yield Financial ETF during the 2nd quarter valued at about $33,000.

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.