Ledyard National Bank Sells 5,829 Shares of Invesco KBW Bank ETF $KBWB

Ledyard National Bank cut its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,501 shares of the company’s stock after selling 5,829 shares during the quarter. Invesco KBW Bank ETF makes up 1.6% of Ledyard National Bank’s portfolio, making the stock its 18th largest position. Ledyard National Bank owned about 0.32% of Invesco KBW Bank ETF worth $19,932,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of KBWB. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new position in shares of Invesco KBW Bank ETF in the 3rd quarter valued at about $260,000. Magnus Financial Group LLC increased its position in shares of Invesco KBW Bank ETF by 3.4% in the third quarter. Magnus Financial Group LLC now owns 24,843 shares of the company’s stock valued at $2,167,000 after acquiring an additional 820 shares during the last quarter. Sowell Financial Services LLC raised its holdings in Invesco KBW Bank ETF by 5.4% during the third quarter. Sowell Financial Services LLC now owns 16,987 shares of the company’s stock worth $1,482,000 after acquiring an additional 871 shares in the last quarter. Oregon Pacific Wealth Management LLC raised its holdings in Invesco KBW Bank ETF by 33.0% during the third quarter. Oregon Pacific Wealth Management LLC now owns 16,063 shares of the company’s stock worth $1,401,000 after acquiring an additional 3,985 shares in the last quarter. Finally, Crown Wealth Group LLC raised its holdings in Invesco KBW Bank ETF by 1,244.3% during the third quarter. Crown Wealth Group LLC now owns 37,909 shares of the company’s stock worth $3,307,000 after acquiring an additional 35,089 shares in the last quarter.

Invesco KBW Bank ETF Stock Performance

Shares of NASDAQ KBWB opened at $88.22 on Friday. The stock has a 50 day moving average price of $92.12 and a 200 day moving average price of $91.33. Invesco KBW Bank ETF has a 52 week low of $74.33 and a 52 week high of $100.61. The stock has a market capitalization of $6.26 billion, a PE ratio of 13.35 and a beta of 1.05.

Invesco KBW Bank ETF Cuts Dividend

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

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.