Adell Harriman & Carpenter Inc. Acquires Shares of 12,300 Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD)

Adell Harriman & Carpenter Inc. acquired a new stake in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,300 shares of the company’s stock, valued at approximately $180,000.

A number of other hedge funds have also recently modified their holdings of KBWD. Farther Finance Advisors LLC increased 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 buying an additional 3,412 shares during the period. CreativeOne Wealth LLC purchased a new position in shares of Invesco KBW High Dividend Yield Financial ETF during the third quarter valued at about $255,000. Advisors Preferred LLC purchased a new position in shares of Invesco KBW High Dividend Yield Financial ETF during the fourth quarter valued at about $262,000. Good Life Advisors LLC purchased a new position in shares of Invesco KBW High Dividend Yield Financial ETF during the third quarter valued at about $266,000. Finally, RFG Advisory LLC purchased a new position in shares of Invesco KBW High Dividend Yield Financial ETF during the fourth quarter valued at about $285,000.

Invesco KBW High Dividend Yield Financial ETF Price Performance

Shares of NASDAQ KBWD opened at $15.56 on Friday. The stock has a market capitalization of $438.79 million, a P/E ratio of 8.21 and a beta of 1.40. Invesco KBW High Dividend Yield Financial ETF has a 1 year low of $14.12 and a 1 year high of $16.38. The company’s 50-day moving average is $14.93 and its 200 day moving average is $15.10.

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 issued a $0.1452 dividend. The ex-dividend date was Tuesday, January 21st. This is a boost from Invesco KBW High Dividend Yield Financial ETF’s previous dividend of $0.14.

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.