Brookstone Capital Management Has $1.02 Million Stock Position in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD)

Brookstone Capital Management reduced its position in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) by 7.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 65,804 shares of the company’s stock after selling 5,378 shares during the period. Brookstone Capital Management owned 0.27% of Invesco KBW High Dividend Yield Financial ETF worth $1,019,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in KBWD. Highlander Capital Management LLC increased its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 119.8% in the 4th quarter. Highlander Capital Management LLC now owns 4,220 shares of the company’s stock valued at $67,000 after buying an additional 2,300 shares during the period. Founders Financial Alliance LLC grew its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 45.4% during the fourth quarter. Founders Financial Alliance LLC now owns 4,835 shares of the company’s stock worth $77,000 after purchasing an additional 1,510 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Invesco KBW High Dividend Yield Financial ETF during the fourth quarter worth $261,000. Advisor Resource Council acquired a new stake in shares of Invesco KBW High Dividend Yield Financial ETF during the fourth quarter worth $318,000. Finally, Koshinski Asset Management Inc. grew its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 27.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 34,932 shares of the company’s stock worth $554,000 after purchasing an additional 7,588 shares during the period.

Invesco KBW High Dividend Yield Financial ETF Stock Up 1.1 %

Shares of Invesco KBW High Dividend Yield Financial ETF stock opened at $15.04 on Friday. Invesco KBW High Dividend Yield Financial ETF has a 12 month low of $13.04 and a 12 month high of $16.84. The business has a fifty day simple moving average of $15.27 and a 200 day simple moving average of $15.33. The stock has a market cap of $369.38 million, a PE ratio of 8.21 and a beta of 1.40.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a dividend of $0.1663 per share. The ex-dividend date was Monday, June 24th. This is a boost from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.15. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.27%.

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.