Founders Financial Alliance LLC Boosts Stock Holdings in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD)

Founders Financial Alliance LLC lifted its position in Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) by 10.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,490 shares of the company’s stock after purchasing an additional 687 shares during the period. Founders Financial Alliance LLC’s holdings in Invesco KBW High Dividend Yield Financial ETF were worth $110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in KBWD. Mission Hills Financial Advisory LLC raised its position in shares of Invesco KBW High Dividend Yield Financial ETF by 12.8% in the fourth quarter. Mission Hills Financial Advisory LLC now owns 456,337 shares of the company’s stock worth $6,694,000 after acquiring an additional 51,954 shares during the period. Gradient Investments LLC increased its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 6.3% in the 4th quarter. Gradient Investments LLC now owns 452,177 shares of the company’s stock valued at $6,633,000 after purchasing an additional 26,636 shares in the last quarter. Choreo LLC increased its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 5.9% in the 4th quarter. Choreo LLC now owns 70,832 shares of the company’s stock valued at $1,039,000 after purchasing an additional 3,936 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in 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 worth $724,000 after purchasing an additional 1,777 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Invesco KBW High Dividend Yield Financial ETF in the fourth quarter valued at approximately $701,000.

Invesco KBW High Dividend Yield Financial ETF Price Performance

Shares of KBWD stock opened at $14.67 on Wednesday. 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 has a market cap of $413.69 million, a price-to-earnings ratio of 9.75 and a beta of 1.40. The stock has a 50 day simple moving average of $15.07 and a 200-day simple moving average of $15.11.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

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

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.