Invesco KBW Bank ETF $KBWB Stock Holdings Trimmed by Mainstay Capital Management LLC ADV

Mainstay Capital Management LLC ADV lessened its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 50.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 7,563 shares of the company’s stock after selling 7,563 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in Invesco KBW Bank ETF were worth $592,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allworth Financial LP increased its holdings in shares of Invesco KBW Bank ETF by 59.4% during the second 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. UMB Bank n.a. acquired a new stake in Invesco KBW Bank ETF in the third quarter worth about $31,000. AE Wealth Management LLC grew its position in Invesco KBW Bank ETF by 214.4% in the 2nd quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock valued at $33,000 after buying an additional 313 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in Invesco KBW Bank ETF in the 3rd quarter valued at about $86,000. Finally, BTG Pactual Asset Management US LLC acquired a new position in Invesco KBW Bank ETF during the 2nd quarter valued at about $82,000.

Invesco KBW Bank ETF Trading Down 0.6%

Invesco KBW Bank ETF stock opened at $76.57 on Thursday. Invesco KBW Bank ETF has a 52 week low of $51.13 and a 52 week high of $91.43. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11. The company’s 50-day moving average price is $84.44 and its two-hundred day moving average price is $81.12.

Invesco KBW Bank ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.4442 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.78 annualized dividend and a dividend yield of 2.3%.

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.