Invesco KBW Bank ETF $KBWB Shares Sold by Quattro Financial Advisors LLC

Quattro Financial Advisors LLC lowered its holdings in Invesco KBW Bank ETF (NASDAQ:KBWB) by 45.9% in the third quarter, Holdings Channel.com reports. The fund owned 41,877 shares of the company’s stock after selling 35,593 shares during the quarter. Invesco KBW Bank ETF makes up 0.8% of Quattro Financial Advisors LLC’s investment portfolio, making the stock its 29th largest position. Quattro Financial Advisors LLC’s holdings in Invesco KBW Bank ETF were worth $3,653,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in KBWB. Annex Advisory Services LLC increased its holdings in shares of Invesco KBW Bank ETF by 94.4% in the 2nd quarter. Annex Advisory Services LLC now owns 756,328 shares of the company’s stock valued at $70,323,000 after purchasing an additional 367,271 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Invesco KBW Bank ETF by 92.4% in the second quarter. Envestnet Asset Management Inc. now owns 194,141 shares of the company’s stock valued at $18,051,000 after purchasing an additional 93,236 shares during the last quarter. Ayalon Insurance Comp Ltd. increased its position in shares of Invesco KBW Bank ETF by 596.4% in the third quarter. Ayalon Insurance Comp Ltd. now owns 172,700 shares of the company’s stock valued at $15,065,000 after buying an additional 147,900 shares in the last quarter. Valley Wealth Managers Inc. increased its position in shares of Invesco KBW Bank ETF by 32.1% in the third quarter. Valley Wealth Managers Inc. now owns 134,591 shares of the company’s stock valued at $11,740,000 after buying an additional 32,687 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. increased its position in shares of Invesco KBW Bank ETF by 0.6% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 109,735 shares of the company’s stock valued at $8,682,000 after buying an additional 678 shares in the last quarter.

Invesco KBW Bank ETF Stock Up 1.3%

NASDAQ:KBWB opened at $86.61 on Friday. The company has a market capitalization of $6.07 billion, a PE ratio of 13.35 and a beta of 1.05. Invesco KBW Bank ETF has a 52-week low of $73.32 and a 52-week high of $100.61. The stock has a fifty day simple moving average of $93.25 and a 200-day simple moving average of $91.05.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given a $0.4601 dividend. This is a drop from Invesco KBW Bank ETF’s previous quarterly dividend of $0.4729. This represents a $1.84 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, September 21st.

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.