Farther Finance Advisors LLC Sells 6,432 Shares of Invesco KBW Bank ETF $KBWB

Farther Finance Advisors LLC cut its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 83.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,243 shares of the company’s stock after selling 6,432 shares during the quarter. Farther Finance Advisors LLC’s holdings in Invesco KBW Bank ETF were worth $89,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC grew its stake in shares of Invesco KBW Bank ETF by 287.6% during the 1st quarter. Private Advisor Group LLC now owns 27,163 shares of the company’s stock valued at $1,705,000 after acquiring an additional 20,155 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Invesco KBW Bank ETF by 63.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 146,520 shares of the company’s stock valued at $9,197,000 after acquiring an additional 57,078 shares during the period. Private Trust Co. NA grew its stake in shares of Invesco KBW Bank ETF by 61.2% during the 1st quarter. Private Trust Co. NA now owns 685 shares of the company’s stock valued at $43,000 after acquiring an additional 260 shares during the period. SG Americas Securities LLC bought a new position in shares of Invesco KBW Bank ETF during the 1st quarter valued at approximately $619,000. Finally, US Bancorp DE grew its stake in shares of Invesco KBW Bank ETF by 7,250.0% during the 1st quarter. US Bancorp DE now owns 2,352 shares of the company’s stock valued at $148,000 after acquiring an additional 2,320 shares during the period.

Invesco KBW Bank ETF Trading Up 0.6%

Shares of NASDAQ:KBWB opened at $77.40 on Friday. The stock has a 50 day moving average of $76.12 and a 200 day moving average of $69.09. The company has a market cap of $5.64 billion, a PE ratio of 13.35 and a beta of 1.19. Invesco KBW Bank ETF has a 12-month low of $51.13 and a 12-month high of $80.04.

Invesco KBW Bank ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a dividend of $0.4515 per share. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, September 22nd. This represents a $1.81 dividend on an annualized basis and a dividend yield of 2.3%.

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.