Guardian Partners Inc. Has $44.83 Million Stock Holdings in Invesco KBW Bank ETF $KBWB

Guardian Partners Inc. lessened its holdings in Invesco KBW Bank ETF (NASDAQ:KBWB) by 4.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 581,319 shares of the company’s stock after selling 27,267 shares during the period. Invesco KBW Bank ETF accounts for 3.8% of Guardian Partners Inc.’s holdings, making the stock its 3rd biggest position. Guardian Partners Inc.’s holdings in Invesco KBW Bank ETF were worth $44,826,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Allworth Financial LP raised its position in shares of Invesco KBW Bank ETF by 59.4% in the second quarter. Allworth Financial LP now owns 400 shares of the company’s stock valued at $29,000 after purchasing an additional 149 shares during the period. UMB Bank n.a. acquired a new position in Invesco KBW Bank ETF in the 3rd quarter valued at about $31,000. AE Wealth Management LLC grew its stake in Invesco KBW Bank ETF by 214.4% in the 2nd quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock valued at $33,000 after buying an additional 313 shares during the last quarter. BTG Pactual Asset Management US LLC bought a new position in Invesco KBW Bank ETF in the 2nd quarter valued at about $82,000. Finally, Comerica Bank raised its holdings in Invesco KBW Bank ETF by 58.3% in the 1st quarter. Comerica Bank now owns 1,189 shares of the company’s stock valued at $75,000 after acquiring an additional 438 shares during the period.

Invesco KBW Bank ETF Stock Down 2.4%

Shares of KBWB stock opened at $79.09 on Friday. Invesco KBW Bank ETF has a 12-month low of $51.13 and a 12-month high of $91.43. The company has a market capitalization of $5.60 billion, a PE ratio of 13.35 and a beta of 1.11. The firm has a 50 day moving average price of $85.85 and a two-hundred day moving average price of $81.06.

Invesco KBW Bank ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a dividend of $0.4442 per share. The ex-dividend date was Monday, December 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 2.2%.

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.