Cwm LLC Sells 588 Shares of Invesco KBW Bank ETF (NASDAQ:KBWB)

Posted by Defense World Staff on Oct 23rd, 2024

Cwm LLC reduced its stake in Invesco KBW Bank ETF (NASDAQ:KBWB – Free Report) by 12.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,086 shares of the company’s stock after selling 588 shares during the period. Cwm LLC’s holdings in Invesco KBW Bank ETF were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Verde Servicos Internacionais S.A. acquired a new stake in Invesco KBW Bank ETF in the 3rd quarter valued at $5,093,000. Sanctuary Advisors LLC bought a new position in shares of Invesco KBW Bank ETF during the second quarter valued at $547,000. PVG Asset Management Corp acquired a new stake in shares of Invesco KBW Bank ETF in the 2nd quarter valued at $417,000. Cetera Investment Advisers grew its holdings in shares of Invesco KBW Bank ETF by 2.8% in the 2nd quarter. Cetera Investment Advisers now owns 99,681 shares of the company’s stock worth $5,333,000 after purchasing an additional 2,762 shares during the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new stake in shares of Invesco KBW Bank ETF during the 2nd quarter worth about $5,434,000.

Invesco KBW Bank ETF Stock Up 0.7 %

Shares of KBWB stock opened at $62.15 on Wednesday. The company has a market capitalization of $1.90 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 $63.38. The firm has a 50-day moving average price of $58.56 and a 200 day moving average price of $55.56.

Invesco KBW Bank ETF Increases Dividend

The company also recently announced 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 of this dividend was Monday, September 23rd. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.73%. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40.

Invesco KBW Bank ETF Company Profile

(Free Report)

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.