GLOBALT Investments LLC GA Reduces Position in Invesco KBW Bank ETF (NASDAQ:KBWB)

GLOBALT Investments LLC GA decreased its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 2.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,163 shares of the company’s stock after selling 307 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Invesco KBW Bank ETF were worth $654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Good Life Advisors LLC bought a new stake in shares of Invesco KBW Bank ETF during the third quarter valued at about $7,819,000. Valley Wealth Managers Inc. purchased a new stake in Invesco KBW Bank ETF in the 2nd quarter worth approximately $6,971,000. Envestnet Asset Management Inc. boosted its holdings in Invesco KBW Bank ETF by 908.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 138,908 shares of the company’s stock valued at $7,432,000 after purchasing an additional 125,133 shares during the period. Magnolia Capital Advisors LLC purchased a new position in shares of Invesco KBW Bank ETF during the 2nd quarter valued at $5,434,000. Finally, Cetera Investment Advisers increased its holdings in shares of Invesco KBW Bank ETF by 1,752.4% in the first quarter. Cetera Investment Advisers now owns 96,919 shares of the company’s stock worth $5,201,000 after purchasing an additional 91,687 shares during the period.

Invesco KBW Bank ETF Stock Down 0.0 %

Invesco KBW Bank ETF stock opened at $69.24 on Tuesday. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. The business has a 50-day simple moving average of $61.26 and a 200 day simple moving average of $57.29. Invesco KBW Bank ETF has a 52 week low of $41.98 and a 52 week high of $70.01.

Invesco KBW Bank ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.424 per share. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, September 23rd. This represents a $1.70 annualized dividend and a dividend yield of 2.45%.

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.