Gradient Investments LLC Has $6.63 Million Stock Holdings in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD)

Gradient Investments LLC raised its holdings in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) by 6.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 452,177 shares of the company’s stock after buying an additional 26,636 shares during the quarter. Gradient Investments LLC’s holdings in Invesco KBW High Dividend Yield Financial ETF were worth $6,633,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in KBWD. Mattson Financial Services LLC purchased a new position in Invesco KBW High Dividend Yield Financial ETF during the 2nd quarter worth $45,000. Farther Finance Advisors LLC lifted its position in shares of Invesco KBW High Dividend Yield Financial ETF by 46.5% during the third quarter. Farther Finance Advisors LLC now owns 10,748 shares of the company’s stock valued at $164,000 after purchasing an additional 3,412 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in Invesco KBW High Dividend Yield Financial ETF during the third quarter worth about $255,000. Good Life Advisors LLC bought a new stake in Invesco KBW High Dividend Yield Financial ETF in the 3rd quarter worth about $266,000. Finally, RFG Advisory LLC purchased a new stake in Invesco KBW High Dividend Yield Financial ETF in the 4th quarter valued at about $285,000.

Invesco KBW High Dividend Yield Financial ETF Stock Up 0.2 %

Shares of NASDAQ KBWD opened at $14.89 on Friday. The company has a market capitalization of $418.11 million, a PE ratio of 8.21 and a beta of 1.40. The stock’s 50 day moving average price is $14.97 and its 200-day moving average price is $15.16. Invesco KBW High Dividend Yield Financial ETF has a twelve month low of $14.12 and a twelve month high of $16.38.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 21st were given a $0.1452 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This is a boost from Invesco KBW High Dividend Yield Financial ETF’s previous dividend of $0.14.

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.