Kovack Advisors Inc. Sells 1,500 Shares of Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD)

Kovack Advisors Inc. lessened its stake in shares of Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) by 9.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,180 shares of the company’s stock after selling 1,500 shares during the period. Kovack Advisors Inc. owned 0.05% of Invesco KBW High Dividend Yield Financial ETF worth $217,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Farther Finance Advisors LLC raised its holdings 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 during the period. Good Life Advisors LLC acquired a new position in Invesco KBW High Dividend Yield Financial ETF during the 3rd quarter worth approximately $266,000. CWM LLC boosted its holdings in Invesco KBW High Dividend Yield Financial ETF by 5.3% in the third quarter. CWM LLC now owns 29,781 shares of the company’s stock worth $455,000 after acquiring an additional 1,507 shares in the last quarter. Mattson Financial Services LLC acquired a new stake in Invesco KBW High Dividend Yield Financial ETF in the second quarter valued at approximately $45,000. Finally, Endowment Wealth Management Inc. increased its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 10.2% during the second quarter. Endowment Wealth Management Inc. now owns 35,742 shares of the company’s stock valued at $538,000 after acquiring an additional 3,321 shares in the last quarter.

Invesco KBW High Dividend Yield Financial ETF Stock Up 0.1 %

Shares of KBWD opened at $15.21 on Friday. The business’s fifty day moving average is $15.12 and its 200 day moving average is $15.26. Invesco KBW High Dividend Yield Financial ETF has a 12-month low of $14.34 and a 12-month high of $16.38. The stock has a market cap of $396.52 million, a P/E ratio of 8.21 and a beta of 1.40.

Invesco KBW High Dividend Yield Financial ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 21st were paid a $0.147 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 11.60%. The ex-dividend date of this dividend was Monday, October 21st.

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.