35,593 Invesco KBW Bank ETF $KBWB Shares Sold by Quattro Financial Advisors LLC

by · The Markets Daily

Quattro Financial Advisors LLC cut its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB – Free Report) by 45.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,877 shares of the company’s stock after selling 35,593 shares during the quarter. Invesco KBW Bank ETF accounts for 0.8% of Quattro Financial Advisors LLC’s investment portfolio, making the stock its 29th largest position. Quattro Financial Advisors LLC owned approximately 0.06% of Invesco KBW Bank ETF worth $3,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KBWB. AdvisorNet Financial Inc grew its stake in shares of Invesco KBW Bank ETF by 162.4% during the third quarter. AdvisorNet Financial Inc now owns 35,573 shares of the company’s stock worth $3,041,000 after purchasing an additional 22,018 shares in the last quarter. Valley Wealth Managers Inc. lifted its position in Invesco KBW Bank ETF by 32.1% during the 3rd quarter. Valley Wealth Managers Inc. now owns 134,591 shares of the company’s stock worth $11,740,000 after acquiring an additional 32,687 shares during the period. Hardin Capital Partners LLC acquired a new position in shares of Invesco KBW Bank ETF in the third quarter valued at approximately $241,000. City Center Advisors LLC increased its holdings in shares of Invesco KBW Bank ETF by 36.9% in the third quarter. City Center Advisors LLC now owns 11,732 shares of the company’s stock valued at $1,023,000 after purchasing an additional 3,165 shares during the period. Finally, Ayalon Insurance Comp Ltd. grew its position in Invesco KBW Bank ETF by 596.4% in the 3rd quarter. Ayalon Insurance Comp Ltd. now owns 172,700 shares of the company’s stock valued at $15,065,000 after buying an additional 147,900 shares during the last quarter.

Invesco KBW Bank ETF Stock Performance

Shares of KBWB opened at $86.61 on Friday. The stock has a market capitalization of $6.07 billion, a P/E ratio of 13.35 and a beta of 1.05. Invesco KBW Bank ETF has a 1 year low of $73.32 and a 1 year high of $100.61. The company’s fifty day moving average is $93.25 and its two-hundred day moving average is $91.05.

Invesco KBW Bank ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a $0.4601 dividend. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.4729. This represents a $1.84 annualized dividend and a dividend yield of 2.1%.

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.

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