Wells Fargo & Company MN Raises Stock Position in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD)

Wells Fargo & Company MN raised its holdings in shares of Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) by 197.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,012,486 shares of the company’s stock after buying an additional 672,447 shares during the period. Wells Fargo & Company MN’s holdings in Invesco KBW High Dividend Yield Financial ETF were worth $14,853,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Founders Financial Alliance LLC raised its stake in Invesco KBW High Dividend Yield Financial ETF by 10.1% during the 4th 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 during the period. Farther Finance Advisors LLC raised its position in shares of Invesco KBW High Dividend Yield Financial ETF by 12.5% during the fourth quarter. Farther Finance Advisors LLC now owns 12,095 shares of the company’s stock valued at $177,000 after buying an additional 1,347 shares during the last quarter. Atria Wealth Solutions Inc. raised its position in shares of Invesco KBW High Dividend Yield Financial ETF by 3.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 49,328 shares of the company’s stock valued at $724,000 after buying an additional 1,777 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of Invesco KBW High Dividend Yield Financial ETF in the fourth quarter worth $29,000. Finally, IFP Advisors Inc boosted its position in shares of 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 worth $158,000 after acquiring an additional 2,048 shares during the last quarter.

Invesco KBW High Dividend Yield Financial ETF Stock Performance

Shares of NASDAQ KBWD opened at $12.77 on Tuesday. The company has a market cap of $366.12 million, a P/E ratio of 8.38 and a beta of 1.40. Invesco KBW High Dividend Yield Financial ETF has a 52-week low of $11.96 and a 52-week high of $16.38. The firm’s fifty day moving average is $14.65 and its two-hundred day moving average is $14.88.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.1423 dividend. The ex-dividend date was Monday, March 24th.

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.