AE Wealth Management LLC Sells 220,685 Shares of Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD)

AE Wealth Management LLC lessened its holdings in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) by 68.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 102,385 shares of the company’s stock after selling 220,685 shares during the quarter. AE Wealth Management LLC owned 0.41% of Invesco KBW High Dividend Yield Financial ETF worth $1,540,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of KBWD. ORG Partners LLC acquired a new stake in Invesco KBW High Dividend Yield Financial ETF in the second quarter valued at about $66,000. Highlander Capital Management LLC boosted its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 24.3% in the 1st quarter. Highlander Capital Management LLC now owns 5,245 shares of the company’s stock valued at $81,000 after purchasing an additional 1,025 shares in the last quarter. CreativeOne Wealth LLC bought a new stake in shares of Invesco KBW High Dividend Yield Financial ETF during the 1st quarter valued at approximately $288,000. Endowment Wealth Management Inc. increased its position in Invesco KBW High Dividend Yield Financial ETF by 8.2% during the 1st quarter. Endowment Wealth Management Inc. now owns 32,421 shares of the company’s stock worth $502,000 after purchasing an additional 2,469 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Invesco KBW High Dividend Yield Financial ETF by 10.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 35,218 shares of the company’s stock valued at $559,000 after purchasing an additional 3,338 shares during the last quarter.

Invesco KBW High Dividend Yield Financial ETF Stock Performance

NASDAQ KBWD opened at $15.28 on Tuesday. The firm’s fifty day moving average price is $15.39 and its two-hundred day moving average price is $15.28. The stock has a market cap of $381.24 million, a PE ratio of 8.21 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 $16.38.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 19th were given a dividend of $0.17 per share. The ex-dividend date was Monday, August 19th. This represents a $2.04 dividend on an annualized basis and a yield of 13.35%. This is a positive change from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.17.

Invesco KBW High Dividend Yield Financial ETF 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.