Invesco KBW Bank ETF (NASDAQ:KBWB) Shares Sold by Rockland Trust Co.

Rockland Trust Co. reduced its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 2.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 18,040 shares of the company’s stock after selling 421 shares during the period. Rockland Trust Co.’s holdings in Invesco KBW Bank ETF were worth $1,057,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KBWB. Stephens Inc. AR lifted its position in shares of Invesco KBW Bank ETF by 13.0% in the fourth quarter. Stephens Inc. AR now owns 80,882 shares of the company’s stock worth $3,979,000 after buying an additional 9,317 shares during the last quarter. Lighthouse Investment Partners LLC bought a new position in shares of Invesco KBW Bank ETF during the 4th quarter worth about $5,296,000. GLOBALT Investments LLC GA bought a new stake in shares of Invesco KBW Bank ETF in the 4th quarter worth approximately $643,000. Fisher Asset Management LLC lifted its position in Invesco KBW Bank ETF by 32.7% in the fourth quarter. Fisher Asset Management LLC now owns 1,593,175 shares of the company’s stock worth $78,368,000 after purchasing an additional 392,919 shares during the period. Finally, Trust Co. of Vermont boosted its position in shares of Invesco KBW Bank ETF by 105.3% during the 4th quarter. Trust Co. of Vermont now owns 616 shares of the company’s stock valued at $30,000 after acquiring an additional 316 shares in the last quarter.

Invesco KBW Bank ETF Price Performance

Shares of KBWB traded up $1.50 during mid-day trading on Friday, reaching $58.76. The company had a trading volume of 560,440 shares, compared to its average volume of 810,511. The company’s 50-day moving average is $57.24 and its 200-day moving average is $54.79. Invesco KBW Bank ETF has a twelve month low of $36.51 and a twelve month high of $59.68. The company has a market capitalization of $1.75 billion, a P/E ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid 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 dividend yield of 2.89%. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40.

Invesco KBW Bank ETF 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.