Invesco KBW Bank ETF $KBWB Position Lowered by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. trimmed its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 44.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 167,467 shares of the company’s stock after selling 134,355 shares during the period. Valley Wealth Managers Inc.’s holdings in Invesco KBW Bank ETF were worth $14,116,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Comerica Bank grew its position in shares of Invesco KBW Bank ETF by 58.3% in the 1st quarter. Comerica Bank now owns 1,189 shares of the company’s stock worth $75,000 after acquiring an additional 438 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Invesco KBW Bank ETF by 130.5% during the 1st quarter. Jones Financial Companies Lllp now owns 6,630 shares of the company’s stock valued at $416,000 after acquiring an additional 3,754 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Invesco KBW Bank ETF by 63.9% during the second quarter. NewEdge Advisors LLC now owns 6,546 shares of the company’s stock worth $469,000 after purchasing an additional 2,553 shares during the last quarter. Quantinno Capital Management LP lifted its stake in Invesco KBW Bank ETF by 2.8% during the second quarter. Quantinno Capital Management LP now owns 41,976 shares of the company’s stock worth $3,006,000 after purchasing an additional 1,139 shares during the last quarter. Finally, BTG Pactual Asset Management US LLC acquired a new position in Invesco KBW Bank ETF in the second quarter worth $82,000.

Invesco KBW Bank ETF Price Performance

KBWB stock opened at $84.24 on Tuesday. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 13.35 and a beta of 1.04. Invesco KBW Bank ETF has a 1-year low of $63.59 and a 1-year high of $91.43. The firm has a fifty day moving average price of $82.11 and a two-hundred day moving average price of $82.69.

Invesco KBW Bank ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.4898 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44.

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.