Invesco KBW Bank ETF $KBWB Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its holdings in Invesco KBW Bank ETF (NASDAQ:KBWB) by 64.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 250,587 shares of the company’s stock after selling 456,873 shares during the period. Royal Bank of Canada owned 0.40% of Invesco KBW Bank ETF worth $19,826,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Comerica Bank increased its stake in shares of Invesco KBW Bank ETF by 58.3% during the 1st quarter. Comerica Bank now owns 1,189 shares of the company’s stock valued at $75,000 after acquiring an additional 438 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Invesco KBW Bank ETF by 130.5% during the first quarter. Jones Financial Companies Lllp now owns 6,630 shares of the company’s stock worth $416,000 after purchasing an additional 3,754 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Invesco KBW Bank ETF by 63.9% in the 2nd quarter. NewEdge Advisors LLC now owns 6,546 shares of the company’s stock valued at $469,000 after purchasing an additional 2,553 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of Invesco KBW Bank ETF by 2.8% during the 2nd quarter. Quantinno Capital Management LP now owns 41,976 shares of the company’s stock valued at $3,006,000 after buying an additional 1,139 shares during the period. Finally, BTG Pactual Asset Management US LLC acquired a new stake in shares of Invesco KBW Bank ETF during the 2nd quarter worth $82,000.

Invesco KBW Bank ETF Trading Up 0.3%

Shares of KBWB opened at $98.67 on Thursday. The stock’s fifty day simple moving average is $93.84 and its 200 day simple moving average is $87.43. The firm has a market capitalization of $6.95 billion, a P/E ratio of 13.35 and a beta of 1.02. Invesco KBW Bank ETF has a twelve month low of $71.61 and a twelve month high of $99.36.

Invesco KBW Bank ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.4729 per share. This represents a $1.89 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, June 22nd.

Invesco KBW Bank ETF 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.