Comerica Bank Boosts Stake in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD)

Comerica Bank lifted its stake in shares of Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) by 31.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,835 shares of the company’s stock after buying an additional 2,122 shares during the quarter. Comerica Bank’s holdings in Invesco KBW High Dividend Yield Financial ETF were worth $130,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Founders Financial Alliance LLC boosted its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 10.1% during the fourth quarter. Founders Financial Alliance LLC now owns 7,490 shares of the company’s stock valued at $110,000 after purchasing an additional 687 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Invesco KBW High Dividend Yield Financial ETF by 12.5% in the 4th quarter. Farther Finance Advisors LLC now owns 12,095 shares of the company’s stock valued at $177,000 after acquiring an additional 1,347 shares during the period. Atria Wealth Solutions Inc. increased its position in shares of Invesco KBW High Dividend Yield Financial ETF by 3.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 49,328 shares of the company’s stock valued at $724,000 after acquiring an additional 1,777 shares during the period. National Bank of Canada FI acquired a new position in Invesco KBW High Dividend Yield Financial ETF during the fourth quarter valued at $29,000. Finally, IFP Advisors Inc lifted its position in Invesco KBW High Dividend Yield Financial ETF by 23.5% during the fourth quarter. IFP Advisors Inc now owns 10,750 shares of the company’s stock valued at $158,000 after purchasing an additional 2,048 shares during the period.

Invesco KBW High Dividend Yield Financial ETF Stock Performance

KBWD opened at $14.11 on Monday. Invesco KBW High Dividend Yield Financial ETF has a fifty-two week low of $11.96 and a fifty-two week high of $16.38. The company has a fifty day moving average of $13.74 and a two-hundred day moving average of $14.62. The stock has a market capitalization of $406.09 million, a price-to-earnings ratio of 10.01 and a beta of 1.40.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 21st were paid a dividend of $0.1401 per share. The ex-dividend date was Monday, April 21st.

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.