One Day In July LLC Reduces Position in Invesco KBW Bank ETF $KBWB

One Day In July LLC lessened its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 15.3% in the second quarter, HoldingsChannel.com reports. The firm owned 7,112 shares of the company’s stock after selling 1,288 shares during the quarter. One Day In July LLC’s holdings in Invesco KBW Bank ETF were worth $509,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. FRG Family Wealth Advisors LLC purchased a new stake in Invesco KBW Bank ETF in the second quarter worth $201,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Invesco KBW Bank ETF by 64.8% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,595,000 shares of the company’s stock worth $400,714,000 after acquiring an additional 2,200,000 shares during the period. Envestnet Asset Management Inc. lifted its stake in Invesco KBW Bank ETF by 64.1% in the second quarter. Envestnet Asset Management Inc. now owns 240,411 shares of the company’s stock worth $17,218,000 after acquiring an additional 93,891 shares during the period. Pinnacle Wealth Management Group Inc. lifted its stake in Invesco KBW Bank ETF by 5.9% in the second quarter. Pinnacle Wealth Management Group Inc. now owns 34,978 shares of the company’s stock worth $2,505,000 after acquiring an additional 1,959 shares during the period. Finally, Chicago Partners Investment Group LLC purchased a new stake in Invesco KBW Bank ETF in the second quarter worth $258,000.

Invesco KBW Bank ETF Stock Down 0.9%

Shares of KBWB stock opened at $76.24 on Thursday. The stock has a fifty day moving average of $76.99 and a 200 day moving average of $71.19. Invesco KBW Bank ETF has a 52 week low of $51.13 and a 52 week high of $80.04. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11.

Invesco KBW Bank ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given a dividend of $0.4515 per share. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.41. This represents a $1.81 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, September 22nd.

About Invesco KBW Bank ETF

The Invesco KBW Bank ETF (KBWB) is an exchange-traded fund that is based on the KBW Nasdaq Bank index, a modified market-cap-weighted index of US banking firms. KBWB was launched on Nov 1, 2011 and is managed by Invesco.