CW Advisors LLC Decreases Stock Holdings in Invesco KBW Bank ETF $KBWB

CW Advisors LLC reduced its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 27.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 692,760 shares of the company’s stock after selling 263,083 shares during the period. CW Advisors LLC owned 1.08% of Invesco KBW Bank ETF worth $49,616,000 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. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Invesco KBW Bank ETF by 64.8% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,595,000 shares of the company’s stock worth $400,714,000 after buying an additional 2,200,000 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Invesco KBW Bank ETF by 23.3% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 4,370,000 shares of the company’s stock valued at $312,979,000 after acquiring an additional 825,000 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Invesco KBW Bank ETF by 117.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,503,711 shares of the company’s stock valued at $250,936,000 after acquiring an additional 1,894,483 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Invesco KBW Bank ETF by 14.5% in the second quarter. Fisher Asset Management LLC now owns 2,991,470 shares of the company’s stock valued at $214,249,000 after purchasing an additional 379,830 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Invesco KBW Bank ETF by 306.5% during the first quarter. Goldman Sachs Group Inc. now owns 2,240,028 shares of the company’s stock worth $140,607,000 after purchasing an additional 1,689,020 shares during the last quarter.

Invesco KBW Bank ETF Price Performance

Shares of KBWB stock opened at $79.36 on Wednesday. The company has a market capitalization of $5.88 billion, a PE ratio of 13.35 and a beta of 1.11. The firm’s 50-day moving average is $76.95 and its two-hundred day moving average is $74.00. Invesco KBW Bank ETF has a 12 month low of $51.13 and a 12 month high of $80.08.

Invesco KBW Bank ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were issued a $0.4515 dividend. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.41. This represents a $1.81 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, September 22nd.

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.