Farther Finance Advisors LLC Cuts Stake in Invesco KBW Bank ETF (NASDAQ:KBWB)

Farther Finance Advisors LLC reduced its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,519 shares of the company’s stock after selling 595 shares during the quarter. Farther Finance Advisors LLC’s holdings in Invesco KBW Bank ETF were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in KBWB. Wharton Business Group LLC grew its holdings in Invesco KBW Bank ETF by 27.4% during the 3rd quarter. Wharton Business Group LLC now owns 1,987,535 shares of the company’s stock valued at $116,489,000 after buying an additional 427,872 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Invesco KBW Bank ETF by 6.9% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 278,000 shares of the company’s stock valued at $16,294,000 after purchasing an additional 18,000 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Invesco KBW Bank ETF by 11.6% in the third quarter. Fisher Asset Management LLC now owns 2,529,651 shares of the company’s stock valued at $148,263,000 after purchasing an additional 262,800 shares in the last quarter. DRW Securities LLC purchased a new position in shares of Invesco KBW Bank ETF in the third quarter valued at $360,000. Finally, Private Trust Co. NA grew its holdings in shares of Invesco KBW Bank ETF by 88.7% in the third quarter. Private Trust Co. NA now owns 566 shares of the company’s stock valued at $33,000 after purchasing an additional 266 shares in the last quarter.

Invesco KBW Bank ETF Stock Performance

KBWB stock opened at $61.84 on Monday. The firm has a fifty day moving average price of $68.29 and a 200 day moving average price of $65.25. Invesco KBW Bank ETF has a fifty-two week low of $49.32 and a fifty-two week high of $72.39. The firm has a market cap of $2.99 billion, a PE ratio of 12.76 and a beta of 1.19.

Invesco KBW Bank ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $0.3601 dividend. The ex-dividend date was Monday, December 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.