Wharton Business Group LLC Sells 187,598 Shares of Invesco KBW Bank ETF (NASDAQ:KBWB)

Wharton Business Group LLC decreased its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 9.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,799,937 shares of the company’s stock after selling 187,598 shares during the quarter. Invesco KBW Bank ETF accounts for approximately 5.3% of Wharton Business Group LLC’s holdings, making the stock its 5th largest position. Wharton Business Group LLC’s holdings in Invesco KBW Bank ETF were worth $117,626,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in Invesco KBW Bank ETF in the third quarter worth about $29,000. Private Trust Co. NA raised its position in shares of Invesco KBW Bank ETF by 88.7% during the 3rd quarter. Private Trust Co. NA now owns 566 shares of the company’s stock worth $33,000 after purchasing an additional 266 shares during the period. Synergy Asset Management LLC acquired a new stake in shares of Invesco KBW Bank ETF during the 4th quarter worth approximately $40,000. Thompson Investment Management Inc. bought a new stake in shares of Invesco KBW Bank ETF in the 4th quarter worth approximately $54,000. Finally, HM Payson & Co. acquired a new position in Invesco KBW Bank ETF during the 3rd quarter valued at approximately $68,000.

Invesco KBW Bank ETF Stock Performance

KBWB stock opened at $68.94 on Monday. Invesco KBW Bank ETF has a 1 year low of $48.73 and a 1 year high of $72.39. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 14.51 and a beta of 1.19. The stock’s fifty day moving average is $68.56 and its two-hundred day moving average is $64.38.

Invesco KBW Bank ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a $0.3601 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco KBW Bank ETF Company 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.