GLOBALT Investments LLC GA Sells 1,013 Shares of Invesco KBW Bank ETF $KBWB

GLOBALT Investments LLC GA cut its holdings in Invesco KBW Bank ETF (NASDAQ:KBWB) by 10.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,709 shares of the company’s stock after selling 1,013 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Invesco KBW Bank ETF were worth $624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of KBWB. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Invesco KBW Bank ETF during the first quarter valued at about $27,000. Fifth Third Bancorp purchased a new position in shares of Invesco KBW Bank ETF during the 2nd quarter worth approximately $31,000. Private Trust Co. NA raised its position in shares of Invesco KBW Bank ETF by 61.2% in the 1st quarter. Private Trust Co. NA now owns 685 shares of the company’s stock worth $43,000 after acquiring an additional 260 shares in the last quarter. Park Square Financial Group LLC purchased a new position in shares of Invesco KBW Bank ETF in the 1st quarter valued at approximately $60,000. Finally, Comerica Bank boosted its position 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 purchasing an additional 438 shares in the last quarter.

Invesco KBW Bank ETF Stock Up 2.1%

Shares of KBWB stock opened at $76.94 on Friday. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 13.35 and a beta of 1.19. The business’s fifty day moving average is $76.82 and its 200 day moving average is $70.55. Invesco KBW Bank ETF has a twelve month low of $51.13 and a twelve month high of $80.04.

Invesco KBW Bank ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were given a $0.4515 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.81 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.41.

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.