SSI Investment Management LLC Sells 59,203 Shares of Invesco KBW Bank ETF $KBWB

SSI Investment Management LLC reduced its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 47.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,543 shares of the company’s stock after selling 59,203 shares during the period. SSI Investment Management LLC owned approximately 0.09% of Invesco KBW Bank ETF worth $5,126,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KBWB. Allworth Financial LP increased its position in Invesco KBW Bank ETF by 59.4% during the 2nd quarter. Allworth Financial LP now owns 400 shares of the company’s stock worth $29,000 after buying an additional 149 shares during the period. Fifth Third Bancorp acquired a new position in shares of Invesco KBW Bank ETF in the second quarter valued at about $31,000. AE Wealth Management LLC increased its position in Invesco KBW Bank ETF by 214.4% during the second quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock worth $33,000 after acquiring an additional 313 shares during the period. Comerica Bank raised its stake 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 in the last quarter. Finally, BTG Pactual Asset Management US LLC bought a new stake in Invesco KBW Bank ETF in the 2nd quarter valued at about $82,000.

Invesco KBW Bank ETF Trading Down 0.4%

Shares of KBWB opened at $86.14 on Friday. Invesco KBW Bank ETF has a 12 month low of $51.13 and a 12 month high of $88.84. The firm’s 50 day moving average is $82.62 and its 200-day moving average is $78.08. The stock has a market capitalization of $6.23 billion, a PE ratio of 13.35 and a beta of 1.11.

Invesco KBW Bank ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.4442 per share. This represents a $1.78 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, December 22nd.

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.