SOL Capital Management CO Reduces Stake in Invesco KBW Bank ETF $KBWB

SOL Capital Management CO reduced its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 6.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 265,518 shares of the company’s stock after selling 17,616 shares during the period. Invesco KBW Bank ETF makes up approximately 1.9% of SOL Capital Management CO’s holdings, making the stock its 10th largest holding. SOL Capital Management CO owned approximately 0.36% of Invesco KBW Bank ETF worth $20,766,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Allworth Financial LP boosted its holdings in Invesco KBW Bank ETF by 59.4% in the 2nd quarter. Allworth Financial LP now owns 400 shares of the company’s stock valued at $29,000 after purchasing an additional 149 shares during the period. Fifth Third Bancorp bought a new stake in shares of Invesco KBW Bank ETF during the 2nd quarter valued at about $31,000. AE Wealth Management LLC increased its stake in shares of Invesco KBW Bank ETF by 214.4% in the 2nd quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock worth $33,000 after acquiring an additional 313 shares in the last quarter. BTG Pactual Asset Management US LLC purchased a new position in shares of Invesco KBW Bank ETF during the second quarter valued at approximately $82,000. Finally, Comerica Bank grew its stake 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 buying an additional 438 shares during the last quarter.

Invesco KBW Bank ETF Price Performance

Invesco KBW Bank ETF stock opened at $86.14 on Friday. The stock has a market capitalization of $6.23 billion, a PE ratio of 13.35 and a beta of 1.11. The business’s fifty day moving average is $82.62 and its 200 day moving average is $78.08. Invesco KBW Bank ETF has a one year low of $51.13 and a one year high of $88.84.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a dividend of $0.4442 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, December 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.