Group One Trading LLC Trims Position in Invesco KBW Bank ETF $KBWB

Group One Trading LLC cut its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 80.0% during the first quarter, Holdings Channel.com reports. The firm owned 1,727 shares of the company’s stock after selling 6,919 shares during the quarter. Group One Trading LLC’s holdings in Invesco KBW Bank ETF were worth $137,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of KBWB. Comerica Bank lifted its stake in Invesco KBW Bank ETF by 58.3% during the first quarter. Comerica Bank now owns 1,189 shares of the company’s stock worth $75,000 after purchasing an additional 438 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Invesco KBW Bank ETF by 130.5% during the 1st quarter. Jones Financial Companies Lllp now owns 6,630 shares of the company’s stock worth $416,000 after acquiring an additional 3,754 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Invesco KBW Bank ETF by 63.9% during the second quarter. NewEdge Advisors LLC now owns 6,546 shares of the company’s stock worth $469,000 after purchasing an additional 2,553 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Invesco KBW Bank ETF by 2.8% in the 2nd quarter. Quantinno Capital Management LP now owns 41,976 shares of the company’s stock valued at $3,006,000 after acquiring an additional 1,139 shares during the last quarter. Finally, BTG Pactual Asset Management US LLC purchased a new position in Invesco KBW Bank ETF in the second quarter valued at approximately $82,000.

Invesco KBW Bank ETF Price Performance

Shares of NASDAQ:KBWB opened at $97.12 on Thursday. The company’s fifty day moving average price is $91.60 and its 200 day moving average price is $86.75. The firm has a market capitalization of $7.07 billion, a P/E ratio of 13.35 and a beta of 1.01. Invesco KBW Bank ETF has a 12 month low of $70.68 and a 12 month high of $98.97.

Invesco KBW Bank ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.4729 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.89 annualized dividend 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.