Gratus Wealth Advisors LLC Sells 2,815 Shares of Invesco KBW Bank ETF (NASDAQ:KBWB)

Gratus Wealth Advisors LLC trimmed its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 34.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,377 shares of the company’s stock after selling 2,815 shares during the quarter. Gratus Wealth Advisors LLC’s holdings in Invesco KBW Bank ETF were worth $316,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Trust Co. of Vermont increased its position in Invesco KBW Bank ETF by 105.3% in the 4th quarter. Trust Co. of Vermont now owns 616 shares of the company’s stock valued at $30,000 after buying an additional 316 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of Invesco KBW Bank ETF during the fourth quarter worth approximately $37,000. International Assets Investment Management LLC bought a new position in shares of Invesco KBW Bank ETF in the 2nd quarter worth $43,000. Lynx Investment Advisory acquired a new stake in Invesco KBW Bank ETF in the 2nd quarter valued at $121,000. Finally, Caprock Group LLC bought a new stake in Invesco KBW Bank ETF during the 1st quarter valued at $208,000.

Invesco KBW Bank ETF Trading Up 0.0 %

Invesco KBW Bank ETF stock opened at $58.71 on Wednesday. The firm’s fifty day moving average price is $57.23 and its two-hundred day moving average price is $54.94. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a 1-year low of $36.51 and a 1-year high of $59.68.

Invesco KBW Bank ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.424 dividend. The ex-dividend date was Monday, September 23rd. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40. This represents a $1.70 annualized dividend and a dividend yield of 2.89%.

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.