#7 - Invesco KBW High Dividend Yield Financial Portfolio ETF (NASDAQ:KBWD)
Invesco KBW High Dividend Yield Financial Portfolio ETF (NASDAQ: KBWD) - Current dividend yield: 8.58% - Another ETF that offers an exceptional yield is this fund from Invesco. KBWD has a very small number of holdings that are heavily concentrated in mortgage REIT’s. However no one single asset makes up more than 6% of its portfolio. Over 90% of the fund’s assets are in banking, insurance and financial services stocks. The fund offers stable management. Since launching in 2010, the fund has been run by the same fund managers, which is not always the case with an ETF. Investors may get scared off by an expense ratio of 2.4%. However this number is due, in large part, to the requirement that the fund include the operating expenses of private equity holdings in that ratio. Its net expense ratio is a much more palatable 0.35%. The stock price is currently up over 9% for the year and the dividend is up from 8.4% last year to its current level of just above 8.5%.
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.
- Current Price
- $15.37
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 21 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $15.37 (0.0% Downside)
