Guardian Partners Inc. Sells 21,000 Shares of Invesco KBW Bank ETF $KBWB

Guardian Partners Inc. trimmed its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 15.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,400 shares of the company’s stock after selling 21,000 shares during the period. Guardian Partners Inc. owned about 0.19% of Invesco KBW Bank ETF worth $9,289,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Sowell Financial Services LLC bought a new position in Invesco KBW Bank ETF during the 4th quarter valued at approximately $1,012,000. Altfest L J & Co. Inc. bought a new stake in shares of Invesco KBW Bank ETF in the 4th quarter worth approximately $7,065,000. Crown Wealth Group LLC bought a new stake in shares of Invesco KBW Bank ETF in the 4th quarter worth approximately $5,750,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco KBW Bank ETF by 306.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 54,153 shares of the company’s stock valued at $4,565,000 after buying an additional 40,834 shares during the period. Finally, MKP Capital Management L.L.C. purchased a new position in shares of Invesco KBW Bank ETF during the fourth quarter valued at approximately $8,429,000.

Invesco KBW Bank ETF Stock Up 0.4%

Shares of Invesco KBW Bank ETF stock opened at $96.98 on Wednesday. The company has a market cap of $6.90 billion, a PE ratio of 13.35 and a beta of 1.01. The business has a 50 day moving average of $92.61 and a 200 day moving average of $87.01. Invesco KBW Bank ETF has a 52 week low of $70.68 and a 52 week high of $98.97.

Invesco KBW Bank ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.4729 per share. This represents a $1.89 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, June 22nd.

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.