Robertson Stephens Wealth Management LLC Sells 1,711 Shares of Invesco KBW Bank ETF (NASDAQ:KBWB)

Robertson Stephens Wealth Management LLC decreased its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 27.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,623 shares of the company’s stock after selling 1,711 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Invesco KBW Bank ETF were worth $227,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Varma Mutual Pension Insurance Co increased its holdings in Invesco KBW Bank ETF by 599.0% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 5,800,272 shares of the company’s stock valued at $232,417,000 after purchasing an additional 4,970,485 shares during the period. Barclays PLC increased its stake in shares of Invesco KBW Bank ETF by 1,762.6% in the 3rd quarter. Barclays PLC now owns 383,339 shares of the company’s stock worth $15,360,000 after acquiring an additional 362,758 shares in the last quarter. Ledyard National Bank bought a new stake in Invesco KBW Bank ETF during the third quarter worth about $13,794,000. Wharton Business Group LLC grew its holdings in Invesco KBW Bank ETF by 28.8% in the third quarter. Wharton Business Group LLC now owns 1,227,074 shares of the company’s stock worth $49,169,000 after purchasing an additional 274,697 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Invesco KBW Bank ETF by 309,471.4% during the third quarter. Tower Research Capital LLC TRC now owns 43,340 shares of the company’s stock valued at $1,737,000 after purchasing an additional 43,326 shares in the last quarter.

Invesco KBW Bank ETF Stock Performance

KBWB stock opened at $52.97 on Friday. The firm has a 50 day moving average price of $51.54 and a 200-day moving average price of $47.60. Invesco KBW Bank ETF has a 52-week low of $36.19 and a 52-week high of $53.79. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 10.29 and a beta of 1.19.

Invesco KBW Bank ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.4265 per share. This represents a $1.71 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Monday, March 18th.

About Invesco KBW Bank ETF

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.