Invesco KBW Bank ETF $KBWB Holdings Trimmed by Wharton Business Group LLC

Wharton Business Group LLC trimmed its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,834,107 shares of the company’s stock after selling 79,912 shares during the quarter. Invesco KBW Bank ETF accounts for approximately 5.7% of Wharton Business Group LLC’s investment portfolio, making the stock its 5th largest holding. Wharton Business Group LLC owned approximately 2.48% of Invesco KBW Bank ETF worth $143,445,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in Invesco KBW Bank ETF by 59.4% during the 2nd quarter. Allworth Financial LP now owns 400 shares of the company’s stock valued at $29,000 after buying an additional 149 shares in the last quarter. UMB Bank n.a. bought a new position in Invesco KBW Bank ETF in the 3rd quarter worth about $31,000. AE Wealth Management LLC increased its position in shares of Invesco KBW Bank ETF by 214.4% during the second quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock worth $33,000 after acquiring an additional 313 shares during the period. Comerica Bank raised its stake in shares of Invesco KBW Bank ETF by 58.3% during the first quarter. Comerica Bank now owns 1,189 shares of the company’s stock valued at $75,000 after acquiring an additional 438 shares in the last quarter. Finally, BTG Pactual Asset Management US LLC bought a new stake in shares of Invesco KBW Bank ETF during the second quarter valued at approximately $82,000.

Invesco KBW Bank ETF Trading Down 0.1%

Shares of NASDAQ KBWB traded down $0.07 during trading hours on Friday, reaching $86.17. The stock had a trading volume of 311,544 shares, compared to its average volume of 2,652,699. Invesco KBW Bank ETF has a 52-week low of $51.13 and a 52-week high of $91.43. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11. The business’s fifty day moving average price is $86.36 and its two-hundred day moving average price is $80.26.

Invesco KBW Bank ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $0.4442 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 2.1%.

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.