Global Retirement Partners LLC Decreases Position in Invesco KBW Bank ETF (NASDAQ:KBWB)

Global Retirement Partners LLC cut its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 8.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 11,849 shares of the company’s stock after selling 1,086 shares during the period. Global Retirement Partners LLC’s holdings in Invesco KBW Bank ETF were worth $694,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. PNC Financial Services Group Inc. bought a new position in Invesco KBW Bank ETF in the fourth quarter worth approximately $37,000. RFG Holdings Inc. grew its stake in Invesco KBW Bank ETF by 65.3% during the first quarter. RFG Holdings Inc. now owns 177,868 shares of the company’s stock valued at $9,545,000 after acquiring an additional 70,247 shares in the last quarter. Congress Wealth Management LLC DE purchased a new position in Invesco KBW Bank ETF during the first quarter valued at $11,502,000. Caprock Group LLC purchased a new position in shares of Invesco KBW Bank ETF in the 1st quarter worth $208,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Invesco KBW Bank ETF by 153.2% in the 1st quarter. BNP Paribas Financial Markets now owns 1,461,106 shares of the company’s stock worth $78,403,000 after buying an additional 883,970 shares in the last quarter.

Invesco KBW Bank ETF Stock Down 0.3 %

Shares of NASDAQ:KBWB opened at $62.81 on Monday. Invesco KBW Bank ETF has a 52 week low of $36.51 and a 52 week high of $63.38. The stock has a market capitalization of $1.92 billion, a P/E ratio of 10.69 and a beta of 1.19. The firm has a fifty day simple moving average of $58.27 and a two-hundred day simple moving average of $55.42.

Invesco KBW Bank ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.424 dividend. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Monday, September 23rd.

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.