Invesco KBW Bank ETF $KBWB Shares Bought by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. increased its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 19.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 301,822 shares of the company’s stock after acquiring an additional 48,180 shares during the period. Invesco KBW Bank ETF makes up about 1.6% of Valley Wealth Managers Inc.’s investment portfolio, making the stock its 21st biggest position. Valley Wealth Managers Inc. owned approximately 0.41% of Invesco KBW Bank ETF worth $23,605,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in shares of Invesco KBW Bank ETF by 59.4% in the 2nd quarter. Allworth Financial LP now owns 400 shares of the company’s stock valued at $29,000 after purchasing an additional 149 shares during the last quarter. City Center Advisors LLC raised its position in shares of Invesco KBW Bank ETF by 2.7% in the 3rd quarter. City Center Advisors LLC now owns 7,990 shares of the company’s stock worth $625,000 after buying an additional 213 shares during the period. Leuthold Group LLC raised its position in shares of Invesco KBW Bank ETF by 2.8% in the 2nd quarter. Leuthold Group LLC now owns 9,210 shares of the company’s stock worth $660,000 after buying an additional 247 shares during the period. Investment Management Corp VA ADV raised its position in shares of Invesco KBW Bank ETF by 2.0% in the 3rd quarter. Investment Management Corp VA ADV now owns 13,183 shares of the company’s stock worth $1,031,000 after buying an additional 256 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its holdings in Invesco KBW Bank ETF by 5.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 5,280 shares of the company’s stock valued at $413,000 after acquiring an additional 283 shares during the last quarter.

Invesco KBW Bank ETF Trading Up 1.3%

KBWB stock opened at $86.22 on Friday. The company has a market cap of $6.11 billion, a PE ratio of 13.35 and a beta of 1.11. The stock has a 50-day moving average price of $84.19 and a two-hundred day moving average price of $78.81. Invesco KBW Bank ETF has a 12-month low of $51.13 and a 12-month high of $88.84.

Invesco KBW Bank ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.4442 per share. The ex-dividend date was Monday, December 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 2.1%.

About Invesco KBW Bank ETF

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.