Invesco KBW Bank ETF $KBWB Shares Sold by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. reduced its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 44.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 167,467 shares of the company’s stock after selling 134,355 shares during the period. Valley Wealth Managers Inc. owned approximately 0.24% of Invesco KBW Bank ETF worth $14,116,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Quadcap Wealth Management LLC lifted its stake in shares of Invesco KBW Bank ETF by 0.4% in the third quarter. Quadcap Wealth Management LLC now owns 55,017 shares of the company’s stock worth $4,303,000 after acquiring an additional 235 shares in the last quarter. Investment Management Corp VA ADV grew its stake in Invesco KBW Bank ETF by 2.0% during the 3rd quarter. Investment Management Corp VA ADV now owns 13,183 shares of the company’s stock valued at $1,031,000 after purchasing an additional 256 shares in the last quarter. Wilmington Savings Fund Society FSB grew its stake in Invesco KBW Bank ETF by 5.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 5,280 shares of the company’s stock valued at $413,000 after purchasing an additional 283 shares in the last quarter. City Center Advisors LLC increased its holdings in Invesco KBW Bank ETF by 3.6% during the 4th quarter. City Center Advisors LLC now owns 8,277 shares of the company’s stock worth $698,000 after purchasing an additional 287 shares during the last quarter. Finally, Quattro Financial Advisors LLC increased its holdings 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 worth $3,560,000 after purchasing an additional 300 shares during the last quarter.

Invesco KBW Bank ETF Stock Down 1.2%

Shares of KBWB opened at $84.24 on Tuesday. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 13.35 and a beta of 1.04. The business’s 50 day moving average is $82.11 and its two-hundred day moving average is $82.69. Invesco KBW Bank ETF has a 52-week low of $63.59 and a 52-week high of $91.43.

Invesco KBW Bank ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.4898 dividend. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. This represents a $1.96 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, March 23rd.

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.