On May 14, 2023, financial services firm LPL Financial LLC announced that it had cut its stake in the Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) by 18.4% in the fourth quarter of last year. According to a Form 13F filing with the SEC, LPL Financial LLC has sold 98,140 shares in the company, leaving it with just 435,357 shares. However, despite this significant reduction in holdings, LPL Financial LLC still owns approximately 1.88% of the Invesco KBW High Dividend Yield Financial ETF, currently worth $6,469,000.
To find out which other hedge funds hold KBWD shares, please visit HoldingsChannel.com. There you will find all of his latest 13F filings and insider trading for the Invesco KBW High Dividend Yield Financial ETF. The site is a great resource for investors who want to keep track of who is investing in various companies.
It is worth noting that there has been a recent positive change regarding the monthly dividend payout of the Invesco KBW High Dividend Yield Financial ETF. On Friday, April 28, the company announced it increased its monthly dividend from $0.15 to $0.154 per share. This means that investors who were registered as shareholders on Tuesday, April 25th received this new amount as a monthly dividend.
The announcement also includes other important dates, such as Monday, April 24, which was designated as the ex-dividend date, but perhaps the most interesting is the annualized dividend yield, which stands at a staggering 13.26%. I guess.
Overall, LPL Financial LLC may have reduced its stake in the Invesco KBW High Dividend Yield Financial ETF, but other investors seem more confident about the future prospects thanks to these dividend increases. The company’s dividend yield will undoubtedly continue to make it an attractive option for those looking to generate lucrative returns on investments in the financial sector.
Investors Turn Bullish on Invesco KBW High Dividend Yield Financial ETF (KBWD)
Financial markets have been abuzz with news that several large investors have changed their holdings of the Invesco KBW High Dividend Yield Financials ETF (KBWD). These investors include Janney Montgomery Scott LLC, IFP Advisors Inc, Koshinski Asset Management Inc., Captrust Financial Advisors and Equitable Holdings Inc. As of the third quarter of 2023, Janney Montgomery Scott LLC has purchased an additional 893 of his shares and owns 34,816 of his KBWD shares worth $483,000. during the last quarter. IFP Advisors Inc’s position has grown 36.2% since the fourth quarter of 2022, with the purchase of an additional 1,081 shares, now holding a total of 4,064 shares, valued at $95,000. Similarly, Koshinski Asset Management Inc increased its stake from his additional purchase of 1,215 shares during the fourth quarter to his current holding of 52,376 shares, valued at $778,000.
Captrust Financial Advisors recently acquired new shares in KBWD worth approximately $37,000 during the first quarter. Finally, his position in Equitable Holdings Inc. increased by 5.3% from the first quarter as he purchased an additional 2,150 shares of his holding valued at $829,000 today.
KBWD opened Friday at $13.94, boasting a market cap of $331.08 million, a P/E ratio of 10.40 and a beta of 1.40. The past year has been volatile, with a 52-week low of $13.53 and a high of $18.55, but has maintained a moving average throughout this period.
Invesco launched KBWD in December 2010 as an exchange-traded fund that invests primarily in equity treasuries that track the Dividend Yield Weighted US Financials Index.
These investor moves show a bullish trend for KBWD, which is encouraging for Invesco and its investors. However, it is important to note that stock market trends can be highly unpredictable and volatile. We recommend that you always consult a financial professional before making any investment decision. As we enter the second half of 2023, investors are eagerly awaiting market developments for KBWD and other securities in the financial sector.