Raymond James & Associates Has $630,000 Stake in Invesco KBW Bank ETF (NASDAQ:KBWB)

Raymond James & Associates lessened its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 4.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,812 shares of the company’s stock after selling 535 shares during the quarter. Raymond James & Associates’ holdings in Invesco KBW Bank ETF were worth $630,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Concourse Financial Group Securities Inc. raised its position in Invesco KBW Bank ETF by 1,000.0% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,210 shares of the company’s stock valued at $48,000 after purchasing an additional 1,100 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Invesco KBW Bank ETF during the third quarter valued at $250,000. Robertson Stephens Wealth Management LLC bought a new position in shares of Invesco KBW Bank ETF during the 3rd quarter worth about $254,000. M&T Bank Corp lifted its position in Invesco KBW Bank ETF by 47.7% in the 3rd quarter. M&T Bank Corp now owns 7,385 shares of the company’s stock valued at $296,000 after acquiring an additional 2,385 shares in the last quarter. Finally, Accredited Investors Inc. lifted its position in Invesco KBW Bank ETF by 15.9% in the 3rd quarter. Accredited Investors Inc. now owns 8,396 shares of the company’s stock valued at $336,000 after acquiring an additional 1,150 shares in the last quarter.

Invesco KBW Bank ETF Stock Performance

NASDAQ:KBWB opened at $53.06 on Thursday. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 10.44 and a beta of 1.19. The firm has a 50-day moving average price of $51.06 and a two-hundred day moving average price of $47.01. Invesco KBW Bank ETF has a 52 week low of $36.19 and a 52 week high of $53.79.

Invesco KBW Bank ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.4265 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.71 dividend on an annualized basis and a yield of 3.22%.

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.