ProVise Management Group LLC Has $2.68 Million Stock Position in Invesco KBW Bank ETF (NASDAQ:KBWB)

ProVise Management Group LLC lowered its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 1.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,037 shares of the company’s stock after selling 795 shares during the quarter. ProVise Management Group LLC owned approximately 0.17% of Invesco KBW Bank ETF worth $2,677,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in Invesco KBW Bank ETF in the second quarter worth about $1,193,000. Envestnet Asset Management Inc. grew its position in shares of Invesco KBW Bank ETF by 908.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 138,908 shares of the company’s stock worth $7,432,000 after buying an additional 125,133 shares during the period. Valley Wealth Managers Inc. bought a new stake in shares of Invesco KBW Bank ETF during the second quarter worth approximately $6,971,000. Hazlett Burt & Watson Inc. lifted its holdings in Invesco KBW Bank ETF by 16.3% in the second quarter. Hazlett Burt & Watson Inc. now owns 14,081 shares of the company’s stock valued at $750,000 after buying an additional 1,976 shares during the period. Finally, Addison Advisors LLC boosted its stake in Invesco KBW Bank ETF by 8.2% in the second quarter. Addison Advisors LLC now owns 27,222 shares of the company’s stock valued at $1,456,000 after acquiring an additional 2,060 shares during the last quarter.

Invesco KBW Bank ETF Stock Performance

KBWB opened at $59.53 on Friday. The company has a fifty day moving average price of $57.18 and a two-hundred day moving average price of $54.25. The firm has a market capitalization of $1.72 billion, a PE ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a 52 week low of $36.51 and a 52 week high of $59.68.

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.