GLOBALT Investments LLC GA Lowers Stock Holdings in Invesco KBW Bank ETF (NASDAQ:KBWB)

GLOBALT Investments LLC GA reduced its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 2.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,163 shares of the company’s stock after selling 307 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Invesco KBW Bank ETF were worth $654,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Valley Wealth Managers Inc. grew its holdings in shares of Invesco KBW Bank ETF by 55.9% during the 3rd quarter. Valley Wealth Managers Inc. now owns 203,122 shares of the company’s stock valued at $11,905,000 after purchasing an additional 72,820 shares during the last quarter. Addison Advisors LLC grew its stake in shares of Invesco KBW Bank ETF by 3.6% during the third quarter. Addison Advisors LLC now owns 28,194 shares of the company’s stock valued at $1,652,000 after buying an additional 972 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Invesco KBW Bank ETF in the third quarter worth about $29,000. Hazlett Burt & Watson Inc. lifted its stake in shares of Invesco KBW Bank ETF by 17.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 16,542 shares of the company’s stock valued at $971,000 after acquiring an additional 2,461 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Invesco KBW Bank ETF by 712.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,114 shares of the company’s stock valued at $476,000 after acquiring an additional 7,115 shares during the period.

Invesco KBW Bank ETF Price Performance

Shares of Invesco KBW Bank ETF stock opened at $69.24 on Tuesday. Invesco KBW Bank ETF has a one year low of $41.98 and a one year high of $70.01. The business’s 50 day simple moving average is $61.26 and its two-hundred day simple moving average is $57.29. The stock has a market capitalization of $2.12 billion, a P/E ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.424 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.45%. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, September 23rd.

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.