Invesco KBW Bank ETF $KBWB Shares Sold by Beacon Financial Advisory LLC

Beacon Financial Advisory LLC trimmed its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,869 shares of the company’s stock after selling 295 shares during the period. Beacon Financial Advisory LLC’s holdings in Invesco KBW Bank ETF were worth $993,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of KBWB. Goldman Sachs Group Inc. raised its holdings in shares of Invesco KBW Bank ETF by 306.5% during the first quarter. Goldman Sachs Group Inc. now owns 2,240,028 shares of the company’s stock worth $140,607,000 after purchasing an additional 1,689,020 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Invesco KBW Bank ETF by 266.3% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,272,620 shares of the company’s stock valued at $142,652,000 after purchasing an additional 1,652,140 shares during the period. Menora Mivtachim Holdings LTD. acquired a new position in Invesco KBW Bank ETF during the 1st quarter valued at about $93,402,000. Temasek Holdings Private Ltd bought a new position in Invesco KBW Bank ETF in the 1st quarter worth about $52,177,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Invesco KBW Bank ETF by 27.1% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,395,000 shares of the company’s stock valued at $213,104,000 after purchasing an additional 724,850 shares during the period.

Invesco KBW Bank ETF Trading Up 0.6%

KBWB opened at $77.40 on Friday. The business’s 50 day moving average is $76.12 and its 200-day moving average is $69.09. The stock has a market cap of $5.64 billion, a PE ratio of 13.35 and a beta of 1.19. Invesco KBW Bank ETF has a twelve month low of $51.13 and a twelve month high of $80.04.

Invesco KBW Bank ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.4515 per share. This represents a $1.81 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, September 22nd. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.41.

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.