Keel Point LLC Sells 12,315 Shares of Invesco KBW Bank ETF $KBWB

Keel Point LLC lessened its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 43.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,109 shares of the company’s stock after selling 12,315 shares during the period. Keel Point LLC’s holdings in Invesco KBW Bank ETF were worth $1,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in KBWB. North Star Investment Management Corp. purchased a new stake in shares of Invesco KBW Bank ETF during the first quarter valued at about $29,000. IFP Advisors Inc purchased a new position in shares of Invesco KBW Bank ETF in the 4th quarter worth approximately $35,000. Private Wealth Management Group LLC bought a new position in shares of Invesco KBW Bank ETF during the 1st quarter worth approximately $40,000. Allworth Financial LP raised its stake in shares of Invesco KBW Bank ETF by 31.5% during the 4th quarter. Allworth Financial LP now owns 522 shares of the company’s stock worth $44,000 after acquiring an additional 125 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Invesco KBW Bank ETF by 970.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the company’s stock worth $45,000 after acquiring an additional 485 shares in the last quarter.

Invesco KBW Bank ETF Price Performance

NASDAQ:KBWB opened at $96.07 on Monday. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 13.35 and a beta of 1.01. Invesco KBW Bank ETF has a 52 week low of $70.68 and a 52 week high of $98.97. The firm has a 50 day moving average of $93.17 and a 200 day moving average of $87.18.

Invesco KBW Bank ETF Dividend Announcement

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

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.