Global Retirement Partners LLC Reduces Stock Holdings in Invesco KBW Bank ETF (NASDAQ:KBWB)

Global Retirement Partners LLC lowered its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 8.4% in the third quarter, HoldingsChannel reports. The firm owned 11,849 shares of the company’s stock after selling 1,086 shares during the period. Global Retirement Partners LLC’s holdings in Invesco KBW Bank ETF were worth $694,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Good Life Advisors LLC purchased a new stake in shares of Invesco KBW Bank ETF in the third quarter valued at about $7,819,000. Magnus Financial Group LLC lifted its position in Invesco KBW Bank ETF by 132.8% in the third quarter. Magnus Financial Group LLC now owns 12,292 shares of the company’s stock valued at $720,000 after buying an additional 7,013 shares during the last quarter. RFG Holdings Inc. lifted its position in Invesco KBW Bank ETF by 4.3% in the third quarter. RFG Holdings Inc. now owns 202,888 shares of the company’s stock valued at $11,893,000 after buying an additional 8,353 shares during the last quarter. Verde Servicos Internacionais S.A. acquired a new position in Invesco KBW Bank ETF in the third quarter valued at about $5,093,000. Finally, Sanctuary Advisors LLC acquired a new position in Invesco KBW Bank ETF in the second quarter valued at about $547,000.

Invesco KBW Bank ETF Price Performance

NASDAQ KBWB opened at $62.81 on Monday. The firm’s 50-day moving average is $58.27 and its two-hundred day moving average is $55.42. Invesco KBW Bank ETF has a 12 month low of $36.51 and a 12 month high of $63.38. The stock has a market capitalization of $1.92 billion, a P/E ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.424 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.70 dividend on an annualized basis and a yield of 2.70%. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40.

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.