Lowe Brockenbrough & Co. Inc. Sells 30,991 Shares of Invesco KBW Bank ETF (NASDAQ:KBWB)

Lowe Brockenbrough & Co. Inc. trimmed its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 22.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,701 shares of the company’s stock after selling 30,991 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Invesco KBW Bank ETF were worth $6,312,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of KBWB. BNP Paribas Financial Markets lifted its stake in Invesco KBW Bank ETF by 153.2% in the first quarter. BNP Paribas Financial Markets now owns 1,461,106 shares of the company’s stock worth $78,403,000 after purchasing an additional 883,970 shares during the last quarter. WP Advisors LLC lifted its stake in shares of Invesco KBW Bank ETF by 0.5% in the 1st quarter. WP Advisors LLC now owns 479,759 shares of the company’s stock valued at $25,744,000 after acquiring an additional 2,560 shares during the last quarter. RFG Holdings Inc. boosted its holdings in Invesco KBW Bank ETF by 4.3% during the 3rd quarter. RFG Holdings Inc. now owns 202,888 shares of the company’s stock valued at $11,893,000 after acquiring an additional 8,353 shares during the period. Envestnet Asset Management Inc. grew its position in Invesco KBW Bank ETF by 908.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 138,908 shares of the company’s stock worth $7,432,000 after acquiring an additional 125,133 shares during the last quarter. Finally, Good Life Advisors LLC purchased a new position in Invesco KBW Bank ETF in the 3rd quarter worth approximately $7,819,000.

Invesco KBW Bank ETF Stock Performance

Shares of KBWB stock opened at $62.34 on Friday. The company has a market capitalization of $1.91 billion, a P/E ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a fifty-two week low of $38.33 and a fifty-two week high of $63.91. The stock has a 50 day moving average price of $59.48 and a two-hundred day moving average price of $56.13.

Invesco KBW Bank ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.424 per share. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40. This represents a $1.70 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Monday, September 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.