Parsons Capital Management Inc. RI Has $784,000 Stake in Invesco KBW Bank ETF (NASDAQ:KBWB)

Parsons Capital Management Inc. RI reduced its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 7.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,616 shares of the company’s stock after selling 1,150 shares during the quarter. Parsons Capital Management Inc. RI owned 0.05% of Invesco KBW Bank ETF worth $784,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KBWB. Truist Financial Corp boosted its position in Invesco KBW Bank ETF by 1.4% during the fourth quarter. Truist Financial Corp now owns 19,497 shares of the company’s stock valued at $959,000 after purchasing an additional 278 shares during the last quarter. Trust Co. of Vermont raised its holdings in shares of Invesco KBW Bank ETF by 105.3% in the 4th quarter. Trust Co. of Vermont now owns 616 shares of the company’s stock valued at $30,000 after purchasing an additional 316 shares during the period. Janney Montgomery Scott LLC lifted its stake in Invesco KBW Bank ETF by 3.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,168 shares of the company’s stock valued at $500,000 after purchasing an additional 379 shares during the last quarter. HighTower Advisors LLC lifted its stake in Invesco KBW Bank ETF by 2.7% in the 3rd quarter. HighTower Advisors LLC now owns 15,389 shares of the company’s stock valued at $609,000 after purchasing an additional 401 shares during the last quarter. Finally, PNC Financial Services Group Inc. bought a new position in Invesco KBW Bank ETF during the fourth quarter worth about $37,000.

Invesco KBW Bank ETF Trading Up 0.2 %

NASDAQ:KBWB traded up $0.12 on Friday, hitting $52.61. The company’s stock had a trading volume of 421,531 shares, compared to its average volume of 895,933. Invesco KBW Bank ETF has a one year low of $36.19 and a one year high of $53.79. The firm has a market capitalization of $1.49 billion, a P/E ratio of 10.29 and a beta of 1.19. The stock has a fifty day moving average of $51.20 and a two-hundred day moving average of $47.25.

Invesco KBW Bank ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were issued a dividend of $0.4265 per share. This represents a $1.71 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend was Monday, March 18th.

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.