Good Life Advisors LLC Trims Stake in Invesco KBW Bank ETF $KBWB

Good Life Advisors LLC lessened its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 32.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,435 shares of the company’s stock after selling 20,027 shares during the period. Good Life Advisors LLC’s holdings in Invesco KBW Bank ETF were worth $3,039,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. purchased a new stake in Invesco KBW Bank ETF during the first quarter worth $27,000. Allworth Financial LP grew its position in shares of Invesco KBW Bank ETF by 59.4% during the 2nd quarter. Allworth Financial LP now owns 400 shares of the company’s stock valued at $29,000 after acquiring an additional 149 shares during the period. Fifth Third Bancorp acquired a new stake in shares of Invesco KBW Bank ETF during the 2nd quarter valued at about $31,000. AE Wealth Management LLC increased its stake in shares of Invesco KBW Bank ETF by 214.4% in the 2nd quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock valued at $33,000 after purchasing an additional 313 shares in the last quarter. Finally, Comerica Bank raised its holdings in Invesco KBW Bank ETF by 58.3% in the 1st quarter. Comerica Bank now owns 1,189 shares of the company’s stock worth $75,000 after purchasing an additional 438 shares during the period.

Invesco KBW Bank ETF Trading Up 1.1%

Shares of KBWB stock opened at $79.21 on Thursday. The company has a market capitalization of $5.86 billion, a P/E ratio of 13.35 and a beta of 1.11. Invesco KBW Bank ETF has a 12-month low of $51.13 and a 12-month high of $80.08. The business’s 50 day moving average is $77.14 and its two-hundred day moving average is $72.58.

Invesco KBW Bank ETF Increases Dividend

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

About Invesco KBW Bank ETF

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.