PNC Financial Services Group Inc. Sells 84,289 Shares of Invesco KBW High Dividend Yield Financial ETF $KBWD

PNC Financial Services Group Inc. trimmed its holdings in shares of Invesco KBW High Dividend Yield Financial ETF (NASDAQ:KBWD) by 90.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,011 shares of the company’s stock after selling 84,289 shares during the period. PNC Financial Services Group Inc.’s holdings in Invesco KBW High Dividend Yield Financial ETF were worth $122,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of KBWD. Rockefeller Capital Management L.P. lifted its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 3.4% during the second quarter. Rockefeller Capital Management L.P. now owns 35,665 shares of the company’s stock valued at $495,000 after purchasing an additional 1,167 shares in the last quarter. WFA of San Diego LLC purchased a new position in Invesco KBW High Dividend Yield Financial ETF in the 2nd quarter worth about $33,000. Simplex Trading LLC bought a new position in Invesco KBW High Dividend Yield Financial ETF during the 2nd quarter valued at about $41,000. Global Retirement Partners LLC boosted its holdings in shares of Invesco KBW High Dividend Yield Financial ETF by 415.8% during the 3rd quarter. Global Retirement Partners LLC now owns 3,750 shares of the company’s stock valued at $51,000 after acquiring an additional 3,023 shares during the last quarter. Finally, Good Life Advisors LLC grew its stake in shares of Invesco KBW High Dividend Yield Financial ETF by 57.6% in the second quarter. Good Life Advisors LLC now owns 29,442 shares of the company’s stock worth $408,000 after acquiring an additional 10,765 shares during the period.

Invesco KBW High Dividend Yield Financial ETF Stock Up 0.5%

KBWD opened at $13.19 on Thursday. The stock has a market capitalization of $412.85 million, a price-to-earnings ratio of 10.83 and a beta of 1.15. The firm has a 50 day moving average price of $13.87 and a 200-day moving average price of $13.78. Invesco KBW High Dividend Yield Financial ETF has a twelve month low of $11.96 and a twelve month high of $15.26.

Invesco KBW High Dividend Yield Financial ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were issued a dividend of $0.148 per share. This represents a c) annualized dividend and a dividend yield of 13.5%. The ex-dividend date of this dividend was Monday, February 23rd. This is a positive change from Invesco KBW High Dividend Yield Financial ETF’s previous monthly dividend of $0.15.

Invesco KBW High Dividend Yield Financial ETF 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.