Group One Trading LLC Sells 6,919 Shares of Invesco KBW Bank ETF $KBWB

Group One Trading LLC lowered its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 80.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,727 shares of the company’s stock after selling 6,919 shares during the period. Group One Trading LLC’s holdings in Invesco KBW Bank ETF were worth $137,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC raised its stake in Invesco KBW Bank ETF by 68.0% in the first quarter. Measured Wealth Private Client Group LLC now owns 7,680 shares of the company’s stock valued at $608,000 after buying an additional 3,109 shares during the last quarter. Hanover Advisors Inc. lifted its holdings in Invesco KBW Bank ETF by 9.1% in the first quarter. Hanover Advisors Inc. now owns 7,807 shares of the company’s stock valued at $618,000 after acquiring an additional 652 shares during the period. Lowe Brockenbrough & Co. Inc. lifted its stake in shares of Invesco KBW Bank ETF by 0.6% in the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 109,735 shares of the company’s stock valued at $8,682,000 after purchasing an additional 678 shares during the period. Independent Financial Group LLC acquired a new position in shares of Invesco KBW Bank ETF in the first quarter worth about $605,000. Finally, Bank of New York Mellon Corp boosted its position in Invesco KBW Bank ETF by 1.9% during the first quarter. Bank of New York Mellon Corp now owns 76,252 shares of the company’s stock worth $6,033,000 after purchasing an additional 1,403 shares in the last quarter.

Invesco KBW Bank ETF Price Performance

Shares of NASDAQ:KBWB opened at $97.12 on Thursday. The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of 13.35 and a beta of 1.01. Invesco KBW Bank ETF has a 1 year low of $70.68 and a 1 year high of $98.97. The business’s 50 day moving average price is $91.60 and its 200-day moving average price is $86.75.

Invesco KBW Bank ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.4729 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.89 dividend on an annualized basis and a yield of 1.9%.

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.