Endowment Wealth Management Inc. Purchases 3,563 Shares of Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD)

Endowment Wealth Management Inc. grew its position in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) by 11.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 33,801 shares of the company’s stock after acquiring an additional 3,563 shares during the quarter. Endowment Wealth Management Inc.’s holdings in Invesco KBW High Dividend Yield Financial ETF were worth $496,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Founders Financial Alliance LLC lifted its stake in Invesco KBW High Dividend Yield Financial ETF by 10.1% in the 4th quarter. Founders Financial Alliance LLC now owns 7,490 shares of the company’s stock worth $110,000 after purchasing an additional 687 shares in the last quarter. Advyzon Investment Management LLC purchased a new position in shares of Invesco KBW High Dividend Yield Financial ETF during the fourth quarter worth about $151,000. Farther Finance Advisors LLC raised its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 46.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,748 shares of the company’s stock worth $164,000 after buying an additional 3,412 shares in the last quarter. IFP Advisors Inc increased its position in shares of Invesco KBW High Dividend Yield Financial ETF by 23.5% in the fourth quarter. IFP Advisors Inc now owns 10,750 shares of the company’s stock valued at $158,000 after buying an additional 2,048 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. acquired a new stake in Invesco KBW High Dividend Yield Financial ETF in the 4th quarter worth about $180,000.

Invesco KBW High Dividend Yield Financial ETF Stock Performance

KBWD stock opened at $15.02 on Tuesday. Invesco KBW High Dividend Yield Financial ETF has a 1 year low of $14.12 and a 1 year high of $16.38. The stock has a 50-day simple moving average of $15.07 and a 200-day simple moving average of $15.12. The firm has a market cap of $423.56 million, a P/E ratio of 9.75 and a beta of 1.40.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were paid a dividend of $0.1463 per share. The ex-dividend date of this dividend was Monday, February 24th. This is a positive change from Invesco KBW High Dividend Yield Financial ETF’s previous dividend of $0.15.

Invesco KBW High Dividend Yield Financial ETF Company 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.