ETF Spotlight on Powershares KBW High Dividend Yield Financial Portfolio ETF (NYSEArca: KBWD), part of an ongoing series.
Assets: $103.7 million.
Objective: The PowerShares KBW High dividend yield Financial Portfolio tries to reflect the performance of the KBW Financial Sector Dividend Yield Index, which utilizes a dividend yield weighted methodology that follows 24 to 40 small- to mid-cap companies involved in financial services and products.
Holdings: Top holdings include: American Capital Agency (NasdaqGS: AGNC) 5.4%, Invesco Mortgage Capital (NYSE: IVR) 4.3%, Annaly Capital Management (NYSE: NLY) 4.6%, PennyMac Mortgage Investment Trust (NYSE: PMT) 4.4% and Chimera Investment Corp (NYSE: CIM) 4.4%.