Congress Wealth Management LLC DE Sells 13,598 Shares of Invesco KBW Bank ETF (NASDAQ:KBWB)

Congress Wealth Management LLC DE cut its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 1.4% in the fourth quarter, Holdings Channel reports. The firm owned 976,015 shares of the company’s stock after selling 13,598 shares during the quarter. Invesco KBW Bank ETF accounts for approximately 0.9% of Congress Wealth Management LLC DE’s holdings, making the stock its 18th biggest holding. Congress Wealth Management LLC DE’s holdings in Invesco KBW Bank ETF were worth $63,783,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in KBWB. Private Trust Co. NA grew its holdings in shares of Invesco KBW Bank ETF by 88.7% in the 3rd quarter. Private Trust Co. NA now owns 566 shares of the company’s stock valued at $33,000 after buying an additional 266 shares during the period. Synergy Asset Management LLC bought a new position in Invesco KBW Bank ETF during the fourth quarter worth about $40,000. Thompson Investment Management Inc. bought a new position in Invesco KBW Bank ETF during the fourth quarter worth about $54,000. FMR LLC grew 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 valued at $124,000 after acquiring an additional 515 shares during the period. Finally, Finley Financial LLC bought a new stake in shares of Invesco KBW Bank ETF in the fourth quarter worth about $156,000.

Invesco KBW Bank ETF Price Performance

NASDAQ:KBWB opened at $63.52 on Monday. The business’s 50-day simple moving average is $67.98 and its 200-day simple moving average is $65.39. 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 capitalization of $3.07 billion, a PE ratio of 12.76 and a beta of 1.19.

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.