Royal Bank of Canada Decreases Stake in Invesco KBW Bank ETF $KBWB

Royal Bank of Canada trimmed its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB – Free Report) by 64.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 250,587 shares of the company’s stock after selling 456,873 shares during the quarter. Royal Bank of Canada’s holdings in Invesco KBW Bank ETF were worth $19,826,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. North Star Investment Management Corp. acquired a new position in shares of Invesco KBW Bank ETF in the 1st quarter valued at approximately $29,000. IFP Advisors Inc acquired a new stake in shares of Invesco KBW Bank ETF during the fourth quarter worth approximately $35,000. Private Wealth Management Group LLC acquired a new stake in shares of Invesco KBW Bank ETF during the first quarter worth approximately $40,000. Allworth Financial LP grew its position in shares of Invesco KBW Bank ETF by 31.5% during the fourth quarter. Allworth Financial LP now owns 522 shares of the company’s stock worth $44,000 after buying an additional 125 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Invesco KBW Bank ETF by 970.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the company’s stock worth $45,000 after buying an additional 485 shares during the last quarter.

Get Invesco KBW Bank ETF alerts:

Invesco KBW Bank ETF Price Performance

KBWB opened at $98.67 on Thursday. The stock has a market capitalization of $6.95 billion, a PE ratio of 13.35 and a beta of 1.02. The firm’s fifty day moving average price is $93.84 and its 200 day moving average price is $87.43. Invesco KBW Bank ETF has a 12-month low of $71.61 and a 12-month high of $99.36.

Invesco KBW Bank ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.4729 dividend. This represents a $1.89 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, June 22nd.

Invesco KBW Bank ETF Profile

(Free Report)

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.

Featured Stories

• Five stocks we like better than Invesco KBW Bank ETF
• SpaceX: Love the Company, But the Stock Is a Harder Call
• Ulta’s Growth Is Real, But So Are the Risks
• BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
• Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth

Want to see what other hedge funds are holding KBWB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco KBW Bank ETF (NASDAQ:KBWB – Free Report).

Receive News & Ratings for Invesco KBW Bank ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco KBW Bank ETF and related companies with MarketBeat.com's FREE daily email newsletter.