North Point Portfolio Managers Corp OH Decreases Stock Position in Invesco KBW Bank ETF (NASDAQ:KBWB)

North Point Portfolio Managers Corp OH trimmed its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWBFree Report) by 30.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 94,023 shares of the company’s stock after selling 42,142 shares during the period. North Point Portfolio Managers Corp OH owned approximately 0.29% of Invesco KBW Bank ETF worth $4,625,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. PNC Financial Services Group Inc. purchased a new stake in shares of Invesco KBW Bank ETF during the first quarter valued at $29,000. Comerica Bank bought a new stake in shares of Invesco KBW Bank ETF in the third quarter worth approximately $25,000. Farther Finance Advisors LLC bought a new stake in shares of Invesco KBW Bank ETF in the second quarter worth approximately $41,000. Concourse Financial Group Securities Inc. raised its holdings in shares of Invesco KBW Bank ETF by 1,000.0% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,210 shares of the company’s stock valued at $48,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new position in Invesco KBW Bank ETF during the first quarter valued at approximately $67,000.

Invesco KBW Bank ETF Trading Down 0.0 %

KBWB stock traded down $0.01 on Wednesday, hitting $52.58. The company had a trading volume of 96,319 shares, compared to its average volume of 923,780. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 8.67 and a beta of 1.19. The stock’s 50-day simple moving average is $50.14 and its 200 day simple moving average is $45.74. Invesco KBW Bank ETF has a 12-month low of $36.19 and a 12-month high of $53.79.

Invesco KBW Bank ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were issued a $0.4265 dividend. This represents a $1.71 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Monday, March 18th.

Invesco KBW Bank ETF Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Invesco KBW Bank ETF (NASDAQ:KBWB)

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