Truist Financial Corp Has $1.15 Million Stake in Invesco KBW Bank ETF (NASDAQ:KBWB)

Truist Financial Corp reduced its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,600 shares of the company’s stock after selling 308 shares during the quarter. Truist Financial Corp’s holdings in Invesco KBW Bank ETF were worth $1,150,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of Invesco KBW Bank ETF during the third quarter valued at approximately $29,000. Private Trust Co. NA grew its stake in shares of Invesco KBW Bank ETF by 88.7% during the third quarter. Private Trust Co. NA now owns 566 shares of the company’s stock valued at $33,000 after purchasing an additional 266 shares during the last quarter. Synergy Asset Management LLC bought a new stake in shares of Invesco KBW Bank ETF during the fourth quarter valued at approximately $40,000. Thompson Investment Management Inc. bought a new stake in shares of Invesco KBW Bank ETF during the fourth quarter valued at approximately $54,000. Finally, HM Payson & Co. bought a new stake in shares of Invesco KBW Bank ETF during the third quarter valued at approximately $68,000.

Invesco KBW Bank ETF Price Performance

KBWB opened at $69.60 on Friday. Invesco KBW Bank ETF has a one year low of $49.05 and a one year high of $72.39. The company’s 50 day simple moving average is $68.82 and its 200-day simple moving average is $64.73. The stock has a market capitalization of $3.36 billion, a P/E ratio of 14.51 and a beta of 1.19.

Invesco KBW Bank ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a $0.3601 dividend. The ex-dividend date of this dividend was Monday, December 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.