SOL Capital Management CO Sells 330 Shares of Invesco KBW Bank ETF (NASDAQ:KBWB)

SOL Capital Management CO lessened its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 0.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 284,068 shares of the company’s stock after selling 330 shares during the quarter. Invesco KBW Bank ETF makes up approximately 2.0% of SOL Capital Management CO’s investment portfolio, making the stock its 10th largest position. SOL Capital Management CO owned approximately 0.49% of Invesco KBW Bank ETF worth $17,831,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. increased its position in Invesco KBW Bank ETF by 62.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,740 shares of the company’s stock worth $1,616,000 after buying an additional 9,897 shares during the last quarter. Masso Torrence Wealth Management Inc. acquired a new position in shares of Invesco KBW Bank ETF in the first quarter valued at approximately $1,762,000. Advisor Resource Council acquired a new position in shares of Invesco KBW Bank ETF in the first quarter valued at approximately $3,089,000. Envestnet Portfolio Solutions Inc. grew its position in shares of Invesco KBW Bank ETF by 66.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 23,654 shares of the company’s stock valued at $1,485,000 after purchasing an additional 9,402 shares during the last quarter. Finally, RFG Holdings Inc. grew its position in shares of Invesco KBW Bank ETF by 5.2% in the first quarter. RFG Holdings Inc. now owns 200,652 shares of the company’s stock valued at $12,597,000 after purchasing an additional 10,001 shares during the last quarter.

Invesco KBW Bank ETF Trading Up 0.8%

Invesco KBW Bank ETF stock opened at $69.89 on Thursday. Invesco KBW Bank ETF has a 12 month low of $51.13 and a 12 month high of $72.39. The stock’s 50 day moving average is $64.19 and its 200-day moving average is $65.19. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 12.26 and a beta of 1.19.

Invesco KBW Bank ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 23rd will be given a $0.4098 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Monday, June 23rd.

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.