Invesco KBW Bank ETF (NASDAQ:KBWB) Shares Sold by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC lessened its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 5.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,810 shares of the company’s stock after selling 428 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Invesco KBW Bank ETF were worth $399,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in Invesco KBW Bank ETF in the 2nd quarter worth approximately $547,000. PVG Asset Management Corp acquired a new position in shares of Invesco KBW Bank ETF during the second quarter worth $417,000. Cetera Investment Advisers boosted its stake in shares of Invesco KBW Bank ETF by 2.8% in the second quarter. Cetera Investment Advisers now owns 99,681 shares of the company’s stock valued at $5,333,000 after purchasing an additional 2,762 shares during the period. Magnolia Capital Advisors LLC acquired a new stake in Invesco KBW Bank ETF during the 2nd quarter valued at $5,434,000. Finally, Marshall Wace LLP acquired a new stake in Invesco KBW Bank ETF during the 2nd quarter valued at $696,000.

Invesco KBW Bank ETF Price Performance

Shares of KBWB stock opened at $58.71 on Wednesday. The company’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 P/E ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a 12 month low of $36.51 and a 12 month high of $59.68.

Invesco KBW Bank ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors 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. The ex-dividend date was Monday, September 23rd. This represents a $1.70 annualized dividend and a dividend yield of 2.89%.

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.