Commonwealth Equity Services LLC Sells 4,295 Shares of Invesco KBW Bank ETF (NASDAQ:KBWB)

Commonwealth Equity Services LLC trimmed its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,352 shares of the company’s stock after selling 4,295 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Invesco KBW Bank ETF were worth $2,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in KBWB. Private Trust Co. NA increased its position in Invesco KBW Bank ETF by 88.7% during the 3rd quarter. Private Trust Co. NA now owns 566 shares of the company’s stock valued at $33,000 after purchasing an additional 266 shares during the period. Synergy Asset Management LLC bought a new stake in shares of Invesco KBW Bank ETF in the 4th quarter valued at $40,000. Thompson Investment Management Inc. acquired a new stake in shares of Invesco KBW Bank ETF during the fourth quarter worth $54,000. FMR LLC raised its stake in Invesco KBW Bank ETF by 32.3% during the third quarter. FMR LLC now owns 2,108 shares of the company’s stock worth $124,000 after buying an additional 515 shares during the last quarter. Finally, Finley Financial LLC acquired a new position in Invesco KBW Bank ETF in the fourth quarter valued at $156,000.

Invesco KBW Bank ETF Trading Down 0.8 %

Shares of Invesco KBW Bank ETF stock opened at $64.41 on Thursday. The company has a market cap of $3.85 billion, a P/E ratio of 13.06 and a beta of 1.18. The business has a 50-day moving average price of $67.84 and a two-hundred day moving average price of $65.49. Invesco KBW Bank ETF has a 1-year low of $49.32 and a 1-year high of $72.39.

Invesco KBW Bank ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be issued a $0.4118 dividend. This is an increase from Invesco KBW Bank ETF’s previous dividend of $0.36. The ex-dividend date of this dividend is Monday, March 24th.

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.