Commonwealth Equity Services LLC Sells 4,295 Shares of Invesco KBW Bank ETF (NASDAQ:KBWB)

Commonwealth Equity Services LLC cut its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 10.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,352 shares of the company’s stock after selling 4,295 shares during the quarter. Commonwealth Equity Services LLC owned 0.08% of Invesco KBW Bank ETF worth $2,376,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. DRW Securities LLC bought a new stake in shares of Invesco KBW Bank ETF during the third quarter worth $360,000. Private Trust Co. NA grew its position in Invesco KBW Bank ETF by 88.7% during the 3rd quarter. Private Trust Co. NA now owns 566 shares of the company’s stock worth $33,000 after acquiring an additional 266 shares during the last quarter. FMR LLC increased its holdings in Invesco KBW Bank ETF by 32.3% in the 3rd quarter. FMR LLC now owns 2,108 shares of the company’s stock worth $124,000 after purchasing an additional 515 shares in the last quarter. Fiduciary Trust Co acquired a new position in Invesco KBW Bank ETF in the 3rd quarter worth about $27,113,000. Finally, Flow Traders U.S. LLC raised its position in Invesco KBW Bank ETF by 44.6% in the third quarter. Flow Traders U.S. LLC now owns 7,748 shares of the company’s stock valued at $454,000 after purchasing an additional 2,391 shares during the last quarter.

Invesco KBW Bank ETF Trading Down 0.8 %

NASDAQ:KBWB opened at $64.41 on Thursday. The stock’s 50-day moving average is $67.84 and its 200-day moving average is $65.49. Invesco KBW Bank ETF has a 1-year low of $49.32 and a 1-year high of $72.39. The stock has a market cap of $3.85 billion, a P/E ratio of 13.06 and a beta of 1.18.

Invesco KBW Bank ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.4118 per share. This is a positive change from Invesco KBW Bank ETF’s previous dividend of $0.36. The ex-dividend date of this dividend is Monday, March 24th.

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.