Invesco KBW Bank ETF $KBWB Shares Sold by Keel Point LLC

Keel Point LLC decreased its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 43.3% during the first quarter, Holdings Channel.com reports. The fund owned 16,109 shares of the company’s stock after selling 12,315 shares during the period. Keel Point LLC’s holdings in Invesco KBW Bank ETF were worth $1,275,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Allworth Financial LP raised its position 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 purchasing an additional 125 shares during the last quarter. Quadcap Wealth Management LLC grew its position in Invesco KBW Bank ETF by 0.4% during the 3rd quarter. Quadcap Wealth Management LLC now owns 55,017 shares of the company’s stock worth $4,303,000 after purchasing an additional 235 shares during the last quarter. Quattro Financial Advisors LLC increased its stake in Invesco KBW Bank ETF by 0.7% during the 4th quarter. Quattro Financial Advisors LLC now owns 42,235 shares of the company’s stock valued at $3,560,000 after purchasing an additional 300 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Invesco KBW Bank ETF by 2.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 14,262 shares of the company’s stock valued at $1,202,000 after purchasing an additional 313 shares in the last quarter. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Invesco KBW Bank ETF by 0.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 37,427 shares of the company’s stock worth $3,155,000 after buying an additional 336 shares during the last quarter.

Invesco KBW Bank ETF Stock Performance

NASDAQ:KBWB opened at $96.07 on Monday. Invesco KBW Bank ETF has a 12 month low of $70.68 and a 12 month high of $98.97. The firm has a fifty day simple moving average of $93.17 and a 200-day simple moving average of $87.18. The company has a market capitalization of $6.76 billion, a P/E ratio of 13.35 and a beta of 1.01.

Invesco KBW Bank ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given 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.