Bank of America Corp DE Has $967.07 Million Holdings in Invesco KBW Bank ETF $KBWB

Bank of America Corp DE decreased its holdings in Invesco KBW Bank ETF (NASDAQ:KBWB) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,365,064 shares of the company’s stock after selling 465,588 shares during the quarter. Bank of America Corp DE owned 16.70% of Invesco KBW Bank ETF worth $967,072,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in KBWB. Allworth Financial LP increased its holdings in Invesco KBW Bank ETF by 59.4% during the 2nd quarter. Allworth Financial LP now owns 400 shares of the company’s stock worth $29,000 after purchasing an additional 149 shares in the last quarter. UMB Bank n.a. bought a new position in shares of Invesco KBW Bank ETF in the third quarter valued at approximately $31,000. AE Wealth Management LLC boosted its position in shares of Invesco KBW Bank ETF by 214.4% during the second quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock valued at $33,000 after buying an additional 313 shares during the last quarter. Comerica Bank grew its holdings in Invesco KBW Bank ETF by 58.3% during the first quarter. Comerica Bank now owns 1,189 shares of the company’s stock worth $75,000 after buying an additional 438 shares in the last quarter. Finally, BTG Pactual Asset Management US LLC bought a new stake in Invesco KBW Bank ETF during the second quarter worth $82,000.

Invesco KBW Bank ETF Trading Up 0.8%

NASDAQ KBWB opened at $76.42 on Tuesday. The business has a fifty day simple moving average of $84.89 and a 200 day simple moving average of $81.16. Invesco KBW Bank ETF has a 12 month low of $51.13 and a 12 month high of $91.43. The firm has a market capitalization of $5.41 billion, a P/E ratio of 13.35 and a beta of 1.11.

Invesco KBW Bank ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a dividend of $0.4442 per share. The ex-dividend date was Monday, December 22nd. This represents a $1.78 annualized dividend and a yield of 2.3%.

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.