Invesco KBW Bank ETF $KBWB Shares Sold by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC trimmed its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 1.2% in the second quarter, HoldingsChannel reports. The firm owned 77,465 shares of the company’s stock after selling 958 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Invesco KBW Bank ETF were worth $5,548,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in KBWB. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Invesco KBW Bank ETF by 20.2% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,545,000 shares of the company’s stock valued at $222,520,000 after buying an additional 595,000 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in Invesco KBW Bank ETF by 27.1% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,395,000 shares of the company’s stock valued at $213,104,000 after acquiring an additional 724,850 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its stake in Invesco KBW Bank ETF by 266.3% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,272,620 shares of the company’s stock valued at $142,652,000 after acquiring an additional 1,652,140 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Invesco KBW Bank ETF by 306.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,240,028 shares of the company’s stock valued at $140,607,000 after acquiring an additional 1,689,020 shares in the last quarter. Finally, Menora Mivtachim Holdings LTD. acquired a new position in Invesco KBW Bank ETF during the 1st quarter worth $93,402,000.

Invesco KBW Bank ETF Stock Performance

NASDAQ:KBWB opened at $77.40 on Monday. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 13.35 and a beta of 1.19. Invesco KBW Bank ETF has a 1 year low of $51.13 and a 1 year high of $80.04. The business has a fifty day moving average of $76.12 and a 200-day moving average of $69.13.

Invesco KBW Bank ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.4515 per share. 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 positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.41.

Invesco KBW Bank ETF 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.