Invesco KBW Bank ETF (NASDAQ:KBWB) Shares Sold by Cerity Partners LLC

Cerity Partners LLC cut its holdings in Invesco KBW Bank ETF (NASDAQ:KBWB) by 10.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,079 shares of the company’s stock after selling 570 shares during the quarter. Cerity Partners LLC’s holdings in Invesco KBW Bank ETF were worth $319,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Private Trust Co. NA boosted its position in Invesco KBW Bank ETF by 61.2% during the first quarter. Private Trust Co. NA now owns 685 shares of the company’s stock worth $43,000 after acquiring an additional 260 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in Invesco KBW Bank ETF by 6.5% during the fourth quarter. Integrated Wealth Concepts LLC now owns 5,283 shares of the company’s stock worth $345,000 after acquiring an additional 324 shares during the last quarter. HighTower Advisors LLC boosted its position in Invesco KBW Bank ETF by 13.5% during the fourth quarter. HighTower Advisors LLC now owns 5,863 shares of the company’s stock worth $383,000 after acquiring an additional 699 shares during the last quarter. Webster Bank N. A. acquired a new stake in Invesco KBW Bank ETF during the first quarter worth approximately $54,000. Finally, Ameriprise Financial Inc. boosted its position in Invesco KBW Bank ETF by 6.0% during the fourth quarter. Ameriprise Financial Inc. now owns 20,598 shares of the company’s stock worth $1,346,000 after acquiring an additional 1,160 shares during the last quarter.

Invesco KBW Bank ETF Stock Performance

Shares of NASDAQ KBWB opened at $75.02 on Monday. Invesco KBW Bank ETF has a 1 year low of $51.13 and a 1 year high of $75.35. The firm’s 50 day moving average price is $69.58 and its 200 day moving average price is $66.29. The firm has a market cap of $4.89 billion, a P/E ratio of 13.35 and a beta of 1.19.

Invesco KBW Bank ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were given a dividend of $0.4098 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.18%.

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.