Bank of America Corp DE Grows Holdings in Invesco KBW Regional Banking ETF (NASDAQ:KBWR)

Bank of America Corp DE grew its holdings in Invesco KBW Regional Banking ETF (NASDAQ:KBWR) by 41.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,558 shares of the company’s stock after purchasing an additional 10,914 shares during the period. Bank of America Corp DE owned about 4.13% of Invesco KBW Regional Banking ETF worth $2,246,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TruNorth Capital Management LLC purchased a new stake in Invesco KBW Regional Banking ETF in the fourth quarter worth $143,000. Two Sigma Securities LLC purchased a new position in shares of Invesco KBW Regional Banking ETF during the fourth quarter valued at $222,000. Meritage Portfolio Management increased its stake in shares of Invesco KBW Regional Banking ETF by 12.3% during the fourth quarter. Meritage Portfolio Management now owns 10,170 shares of the company’s stock valued at $608,000 after buying an additional 1,115 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Invesco KBW Regional Banking ETF by 1.9% during the fourth quarter. LPL Financial LLC now owns 19,706 shares of the company’s stock valued at $1,178,000 after buying an additional 366 shares during the period.

Invesco KBW Regional Banking ETF Trading Down 1.2%

Shares of Invesco KBW Regional Banking ETF stock opened at $55.50 on Tuesday. The firm has a market cap of $49.40 million, a P/E ratio of 13.18 and a beta of 1.05. Invesco KBW Regional Banking ETF has a 12 month low of $46.02 and a 12 month high of $69.75. The stock’s fifty day moving average price is $54.21 and its 200-day moving average price is $58.97.

Invesco KBW Regional Banking ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.3727 per share. The ex-dividend date of this dividend was Monday, March 24th.

Invesco KBW Regional Banking ETF Company Profile

The Invesco KBW Regional Banking ETF (KBWR) is an exchange-traded fund that is based on the KBW Nasdaq Regional Banking index, a modified market-cap-weighted index focused exclusively on regional banking firms in the US. KBWR was launched on Nov 1, 2011 and is managed by Invesco.