Atria Wealth Solutions Inc. Trims Holdings in Invesco KBW Bank ETF (NASDAQ:KBWB)

Atria Wealth Solutions Inc. trimmed its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 3.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,921 shares of the company’s stock after selling 340 shares during the period. Atria Wealth Solutions Inc.’s holdings in Invesco KBW Bank ETF were worth $623,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of KBWB. Alliancebernstein L.P. acquired a new position in shares of Invesco KBW Bank ETF during the fourth quarter valued at $218,000. Envestnet Asset Management Inc. lifted its holdings in Invesco KBW Bank ETF by 534.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 89,442 shares of the company’s stock worth $5,845,000 after purchasing an additional 75,335 shares during the period. Cerity Partners LLC lifted its holdings in Invesco KBW Bank ETF by 12.5% in the fourth quarter. Cerity Partners LLC now owns 5,649 shares of the company’s stock worth $369,000 after purchasing an additional 627 shares during the period. Renaissance Technologies LLC raised its position in Invesco KBW Bank ETF by 680.0% in the fourth quarter. Renaissance Technologies LLC now owns 42,900 shares of the company’s stock worth $2,804,000 after acquiring an additional 37,400 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Invesco KBW Bank ETF in the fourth quarter worth about $7,409,000.

Invesco KBW Bank ETF Price Performance

NASDAQ:KBWB opened at $74.37 on Thursday. Invesco KBW Bank ETF has a fifty-two week low of $51.13 and a fifty-two week high of $75.35. The stock’s 50-day moving average is $71.55 and its two-hundred day moving average is $66.72. The stock has a market cap of $4.76 billion, a PE ratio of 13.35 and a beta of 1.19.

Invesco KBW Bank ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 23rd were issued a dividend of $0.4098 per share. This represents a $1.64 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, June 23rd.

About Invesco KBW Bank ETF

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.