Accredited Investors Inc. Sells 779 Shares of Invesco KBW Bank ETF (NASDAQ:KBWB)

Accredited Investors Inc. lowered its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 11.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,923 shares of the company’s stock after selling 779 shares during the quarter. Accredited Investors Inc.’s holdings in Invesco KBW Bank ETF were worth $387,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Synergy Asset Management LLC bought a new position in shares of Invesco KBW Bank ETF during the 4th quarter worth $40,000. Thompson Investment Management Inc. bought a new stake in Invesco KBW Bank ETF during the 4th quarter valued at approximately $54,000. FMR LLC lifted its stake in Invesco KBW Bank ETF by 32.3% in the third quarter. FMR LLC now owns 2,108 shares of the company’s stock worth $124,000 after purchasing an additional 515 shares during the last quarter. Finley Financial LLC bought a new stake in shares of Invesco KBW Bank ETF in the 4th quarter valued at about $156,000. Finally, Spire Wealth Management raised its stake in shares of Invesco KBW Bank ETF by 371.0% during the 4th quarter. Spire Wealth Management now owns 2,793 shares of the company’s stock valued at $183,000 after buying an additional 2,200 shares during the last quarter.

Invesco KBW Bank ETF Stock Down 2.4 %

KBWB stock opened at $56.86 on Thursday. The business has a 50 day moving average price of $64.97 and a 200 day moving average price of $65.52. Invesco KBW Bank ETF has a fifty-two week low of $49.32 and a fifty-two week high of $72.39. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 13.06 and a beta of 1.19.

Invesco KBW Bank ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.4118 per share. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Invesco KBW Bank ETF’s previous dividend of $0.36.

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.