Atria Investments Inc Reduces Position in Invesco KBW Bank ETF (NASDAQ:KBWB)

Atria Investments Inc reduced its holdings in Invesco KBW Bank ETF (NASDAQ:KBWB) by 5.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,312 shares of the company’s stock after selling 502 shares during the period. Atria Investments Inc’s holdings in Invesco KBW Bank ETF were worth $487,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KBWB. RFG Holdings Inc. increased its stake in shares of Invesco KBW Bank ETF by 4.3% in the 3rd quarter. RFG Holdings Inc. now owns 202,888 shares of the company’s stock worth $11,893,000 after acquiring an additional 8,353 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Invesco KBW Bank ETF by 908.4% during the second quarter. Envestnet Asset Management Inc. now owns 138,908 shares of the company’s stock worth $7,432,000 after purchasing an additional 125,133 shares during the last quarter. Good Life Advisors LLC purchased a new position in Invesco KBW Bank ETF during the third quarter worth about $7,819,000. Valley Wealth Managers Inc. purchased a new position in Invesco KBW Bank ETF during the second quarter worth about $6,971,000. Finally, Magnolia Capital Advisors LLC acquired a new position in Invesco KBW Bank ETF in the 2nd quarter valued at about $5,434,000.

Invesco KBW Bank ETF Price Performance

Shares of NASDAQ KBWB opened at $68.46 on Thursday. The company has a market capitalization of $2.09 billion, a P/E ratio of 10.69 and a beta of 1.19. The company has a 50 day simple moving average of $61.74 and a 200-day simple moving average of $57.52. Invesco KBW Bank ETF has a 1 year low of $41.98 and a 1 year high of $70.01.

Invesco KBW Bank ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a $0.424 dividend. This represents a $1.70 annualized dividend and a yield of 2.48%. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, September 23rd.

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.