Invesco KBW High Dividend Yield Financial ETF
KBWD
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 11 Greenway Plaza, Suite 1000 Houston TX United States of America 77046
- IPO Date
- Dec 2, 2010
- CIK
- 0001378872
- Website
- invesco.com
- Similar Companies
- Business
- Invesco KBW High Dividend Yield Financial ETF (KBWD) is an exchange-traded fund that seeks to track the KBW Nasdaq Financial Sector Dividend Yield Index, a modified dividend yield-weighted index comprising publicly listed U.S. financial companies selected for competitive dividend yields; the fund generally invests at least 90% of its total assets in these securities, including mortgage real estate investment trusts (mREITs) such as Orchid Island Capital, ARMOUR Residential REIT, Invesco Mortgage Capital, Dynex Capital, AGNC Investment, Two Harbors Investment, PennyMac Mortgage Investment Trust, MFA Financial, and Annaly Capital Management; business development companies (BDCs) and other high-yield financials like FS KKR Capital; regional banks; asset management and custody banks; transaction and payment processing services; and consumer finance providers. KBWD operates exclusively in the U.S. financial sector, targeting income-oriented investors with exposure to small- and mid-cap firms that emphasize high dividend payouts over large-cap financials, resulting in a portfolio of approximately 40-43 holdings, a 30-day SEC yield around 12.89%, monthly dividend distributions (recent payouts including $0.14755 on September 22, 2025), and a total expense ratio of 4.93%; the fund rebalances and reconstitutes quarterly to maintain its yield-focused strategy. Launched on December 2, 2010, and managed by Invesco Capital Management LLC with index provision by Keefe, Bruyette & Woods (KBW) and Nasdaq, Inc., KBWD lists on the Nasdaq exchange and maintains net assets of approximately $413-425 million as of late 2025, with headquarters aligned to Invesco's operations in Atlanta, Georgia. Recent developments include sustained monthly dividend declarations through 2025 (e.g., $0.14705 in August, $0.14725 in July, and $0.14751 in June), reflecting portfolio stability amid interest rate fluctuations; quarterly rebalancing to adapt holdings amid sector volatility in mortgage REITs and BDCs; and no major acquisitions, funding rounds, or strategic shifts for the ETF itself, though underlying holdings continue to navigate high leverage risks and economic pressures in a low-interest environment as of Q3 2025 performance data.