Invesco KBW Bank ETF $KBWB Shares Sold by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. lowered its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 88.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,000 shares of the company’s stock after selling 66,455 shares during the period. Itau Unibanco Holding S.A.’s holdings in Invesco KBW Bank ETF were worth $645,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its holdings in Invesco KBW Bank ETF by 6.6% in the 1st quarter. Bank of New York Mellon Corp now owns 91,259 shares of the company’s stock worth $5,728,000 after buying an additional 5,635 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Invesco KBW Bank ETF by 63.8% in the first quarter. Envestnet Asset Management Inc. now owns 146,520 shares of the company’s stock worth $9,197,000 after acquiring an additional 57,078 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Invesco KBW Bank ETF by 287.6% in the first quarter. Private Advisor Group LLC now owns 27,163 shares of the company’s stock worth $1,705,000 after acquiring an additional 20,155 shares during the last quarter. Hazlett Burt & Watson Inc. increased its position in shares of Invesco KBW Bank ETF by 17.6% during the first quarter. Hazlett Burt & Watson Inc. now owns 23,057 shares of the company’s stock worth $1,454,000 after purchasing an additional 3,444 shares in the last quarter. Finally, Advocacy Wealth Management Services LLC raised its stake in Invesco KBW Bank ETF by 630.0% in the 1st quarter. Advocacy Wealth Management Services LLC now owns 46,531 shares of the company’s stock valued at $2,921,000 after purchasing an additional 40,157 shares during the last quarter.

Invesco KBW Bank ETF Stock Performance

Shares of KBWB stock opened at $77.00 on Monday. Invesco KBW Bank ETF has a fifty-two week low of $51.13 and a fifty-two week high of $80.08. The stock’s fifty day moving average is $77.14 and its two-hundred day moving average is $72.90. The firm has a market capitalization of $5.70 billion, a P/E ratio of 13.35 and a beta of 1.11.

Invesco KBW Bank ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a $0.4515 dividend. 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 dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, September 22nd.

Invesco KBW Bank ETF Company Profile

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.