Valley Wealth Managers Inc. Cuts Stock Holdings in Invesco KBW Bank ETF $KBWB

Valley Wealth Managers Inc. lowered its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 29.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,073 shares of the company’s stock after selling 49,394 shares during the period. Valley Wealth Managers Inc. owned approximately 0.19% of Invesco KBW Bank ETF worth $9,342,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. North Star Investment Management Corp. purchased a new stake in Invesco KBW Bank ETF during the 1st quarter valued at $29,000. IFP Advisors Inc purchased a new position in shares of Invesco KBW Bank ETF in the fourth quarter worth $35,000. Private Wealth Management Group LLC purchased a new position in shares of Invesco KBW Bank ETF in the first quarter worth $40,000. Allworth Financial LP lifted its holdings in shares of Invesco KBW Bank ETF by 31.5% during the fourth quarter. Allworth Financial LP now owns 522 shares of the company’s stock valued at $44,000 after purchasing an additional 125 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Invesco KBW Bank ETF by 970.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the company’s stock valued at $45,000 after purchasing an additional 485 shares in the last quarter.

Invesco KBW Bank ETF Price Performance

Invesco KBW Bank ETF stock opened at $96.92 on Friday. Invesco KBW Bank ETF has a one year low of $70.68 and a one year high of $98.97. The stock has a market capitalization of $7.04 billion, a PE ratio of 13.35 and a beta of 1.01. The business’s fifty day moving average is $90.85 and its 200 day moving average is $86.48.

Invesco KBW Bank ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.4729 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.89 annualized dividend and a yield of 2.0%.

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.