WP Advisors LLC Reduces Stake in Invesco KBW Bank ETF (NASDAQ:KBWB)

WP Advisors LLC trimmed its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 79.7% during the third quarter, Holdings Channel reports. The fund owned 92,995 shares of the company’s stock after selling 364,145 shares during the period. Invesco KBW Bank ETF makes up approximately 2.0% of WP Advisors LLC’s portfolio, making the stock its 13th largest position. WP Advisors LLC’s holdings in Invesco KBW Bank ETF were worth $5,450,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new stake in shares of Invesco KBW Bank ETF during the 2nd quarter valued at approximately $547,000. Principal Financial Group Inc. bought a new stake in Invesco KBW Bank ETF during the 2nd quarter worth approximately $1,306,000. PVG Asset Management Corp bought a new stake in Invesco KBW Bank ETF during the 2nd quarter worth approximately $417,000. Delos Wealth Advisors LLC increased its holdings in Invesco KBW Bank ETF by 17.5% during the 2nd quarter. Delos Wealth Advisors LLC now owns 27,654 shares of the company’s stock worth $1,479,000 after acquiring an additional 4,123 shares during the period. Finally, Cetera Investment Advisers increased its holdings in Invesco KBW Bank ETF by 1,752.4% during the 1st quarter. Cetera Investment Advisers now owns 96,919 shares of the company’s stock worth $5,201,000 after acquiring an additional 91,687 shares during the period.

Invesco KBW Bank ETF Trading Up 0.8 %

Invesco KBW Bank ETF stock opened at $69.26 on Monday. The firm’s 50 day simple moving average is $61.26 and its 200 day simple moving average is $57.25. The firm has a market capitalization of $2.12 billion, a PE ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a 1-year low of $41.98 and a 1-year high of $70.01.

Invesco KBW Bank ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.424 dividend. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.45%.

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.