Guardian Partners Inc. Lowers Position in Invesco KBW Bank ETF $KBWB

Guardian Partners Inc. trimmed its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 15.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 117,400 shares of the company’s stock after selling 21,000 shares during the quarter. Guardian Partners Inc.’s holdings in Invesco KBW Bank ETF were worth $9,289,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. North Star Investment Management Corp. bought a new position in shares of Invesco KBW Bank ETF in the 1st quarter worth approximately $29,000. IFP Advisors Inc purchased a new position in shares of Invesco KBW Bank ETF in the 4th quarter valued at approximately $35,000. Private Wealth Management Group LLC bought a new stake in shares of Invesco KBW Bank ETF during the first quarter valued at approximately $40,000. Allworth Financial LP boosted its position in shares of Invesco KBW Bank ETF by 31.5% during the fourth quarter. Allworth Financial LP now owns 522 shares of the company’s stock valued at $44,000 after purchasing an additional 125 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Invesco KBW Bank ETF by 970.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the company’s stock valued at $45,000 after purchasing an additional 485 shares in the last quarter.

Invesco KBW Bank ETF Stock Up 0.4%

Shares of KBWB stock opened at $96.98 on Wednesday. The business’s fifty day moving average is $92.61 and its 200 day moving average is $87.01. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 13.35 and a beta of 1.01. Invesco KBW Bank ETF has a twelve month low of $70.68 and a twelve month high of $98.97.

Invesco KBW Bank ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.4729 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.89 dividend on an annualized basis and a dividend yield of 2.0%.

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.