Invesco KBW Bank ETF $KBWB Shares Sold by Horizon Investments LLC

Horizon Investments LLC decreased its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 8.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 397,216 shares of the company’s stock after selling 37,318 shares during the period. Horizon Investments LLC’s holdings in Invesco KBW Bank ETF were worth $33,481,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of KBWB. Robertson Stephens Wealth Management LLC grew its stake in shares of Invesco KBW Bank ETF by 4.2% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 12,893 shares of the company’s stock worth $1,087,000 after purchasing an additional 515 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Invesco KBW Bank ETF by 11.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 9,861 shares of the company’s stock worth $831,000 after purchasing an additional 1,003 shares during the last quarter. Sigma Planning Corp grew its stake in shares of Invesco KBW Bank ETF by 8.7% in the 4th quarter. Sigma Planning Corp now owns 7,875 shares of the company’s stock worth $664,000 after purchasing an additional 627 shares during the last quarter. Quadcap Wealth Management LLC grew its stake in shares of Invesco KBW Bank ETF by 2.8% in the 4th quarter. Quadcap Wealth Management LLC now owns 56,567 shares of the company’s stock worth $4,768,000 after purchasing an additional 1,550 shares during the last quarter. Finally, Comerica Bank grew its stake in shares of Invesco KBW Bank ETF by 4.4% in the 4th quarter. Comerica Bank now owns 17,421 shares of the company’s stock worth $1,468,000 after purchasing an additional 741 shares during the last quarter.

Invesco KBW Bank ETF Price Performance

Shares of KBWB opened at $86.80 on Friday. The firm’s 50 day moving average is $82.02 and its 200-day moving average is $82.23. The stock has a market capitalization of $5.48 billion, a P/E ratio of 13.35 and a beta of 1.04. Invesco KBW Bank ETF has a 12-month low of $61.71 and a 12-month high of $91.43.

Invesco KBW Bank ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.4898 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.96 annualized dividend and a dividend yield of 2.3%. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44.

About Invesco KBW Bank ETF

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.