Goldman Sachs Group Inc. Has $30.36 Million Holdings in Invesco KBW Bank ETF (NASDAQ:KBWB)

Goldman Sachs Group Inc. decreased its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 16.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 617,236 shares of the company’s stock after selling 121,410 shares during the period. Goldman Sachs Group Inc. owned about 1.85% of Invesco KBW Bank ETF worth $30,362,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KBWB. Wharton Business Group LLC increased its stake in Invesco KBW Bank ETF by 34.3% in the 4th quarter. Wharton Business Group LLC now owns 1,648,222 shares of the company’s stock valued at $81,076,000 after buying an additional 421,148 shares during the period. Fisher Asset Management LLC boosted its position in Invesco KBW Bank ETF by 32.8% during the fourth quarter. Fisher Asset Management LLC now owns 1,594,246 shares of the company’s stock valued at $78,421,000 after purchasing an additional 393,990 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Invesco KBW Bank ETF by 302.2% during the fourth quarter. BNP Paribas Financial Markets now owns 577,136 shares of the company’s stock valued at $28,389,000 after purchasing an additional 433,633 shares during the last quarter. Wells Fargo & Company MN grew its stake in Invesco KBW Bank ETF by 4.7% in the fourth quarter. Wells Fargo & Company MN now owns 494,060 shares of the company’s stock valued at $24,303,000 after purchasing an additional 22,190 shares in the last quarter. Finally, WP Advisors LLC increased its position in Invesco KBW Bank ETF by 3.4% in the 4th quarter. WP Advisors LLC now owns 477,199 shares of the company’s stock worth $23,473,000 after purchasing an additional 15,592 shares during the last quarter.

Invesco KBW Bank ETF Price Performance

Shares of Invesco KBW Bank ETF stock opened at $52.52 on Friday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. The stock has a 50-day simple moving average of $52.95 and a 200-day simple moving average of $50.77. Invesco KBW Bank ETF has a 52-week low of $36.51 and a 52-week high of $55.44.

Invesco KBW Bank ETF 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.