Invesco KBW Bank ETF $KBWB Shares Sold by Crown Wealth Group LLC

Crown Wealth Group LLC lessened its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 95.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,250 shares of the company’s stock after selling 64,965 shares during the quarter. Crown Wealth Group LLC’s holdings in Invesco KBW Bank ETF were worth $257,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc acquired a new position in Invesco KBW Bank ETF in the 4th quarter valued at $35,000. Allworth Financial LP lifted its holdings in shares of Invesco KBW Bank ETF by 31.5% in the 4th quarter. Allworth Financial LP now owns 522 shares of the company’s stock valued at $44,000 after buying an additional 125 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Invesco KBW Bank ETF by 970.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the company’s stock valued at $45,000 after acquiring an additional 485 shares during the period. Bayban acquired a new stake in shares of Invesco KBW Bank ETF in the fourth quarter valued at about $55,000. Finally, High Point Wealth Management LLC acquired a new stake in shares of Invesco KBW Bank ETF during the 4th quarter valued at approximately $57,000.

Invesco KBW Bank ETF Stock Performance

KBWB opened at $93.46 on Friday. Invesco KBW Bank ETF has a one year low of $70.67 and a one year high of $96.15. The business’s fifty day moving average is $88.15 and its two-hundred day moving average is $85.36. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 13.35 and a beta of 1.02.

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 issued a $0.4729 dividend. This represents a $1.89 annualized dividend and a dividend yield of 2.0%. 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.