Ledyard National Bank Has $20.35 Million Stock Position in Invesco KBW Bank ETF $KBWB

Ledyard National Bank lessened its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 3.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 260,198 shares of the company’s stock after selling 9,017 shares during the quarter. Invesco KBW Bank ETF accounts for about 1.8% of Ledyard National Bank’s investment portfolio, making the stock its 12th largest holding. Ledyard National Bank’s holdings in Invesco KBW Bank ETF were worth $20,350,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position in Invesco KBW Bank ETF by 59.4% during the 2nd 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. City Center Advisors LLC raised its stake in shares of Invesco KBW Bank ETF by 2.7% during the third quarter. City Center Advisors LLC now owns 7,990 shares of the company’s stock worth $625,000 after buying an additional 213 shares during the last quarter. Leuthold Group LLC lifted its holdings in Invesco KBW Bank ETF by 2.8% in the second quarter. Leuthold Group LLC now owns 9,210 shares of the company’s stock valued at $660,000 after buying an additional 247 shares during the period. Investment Management Corp VA ADV boosted its stake in Invesco KBW Bank ETF by 2.0% in the third quarter. Investment Management Corp VA ADV now owns 13,183 shares of the company’s stock valued at $1,031,000 after acquiring an additional 256 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its stake in Invesco KBW Bank ETF by 5.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 5,280 shares of the company’s stock valued at $413,000 after acquiring an additional 283 shares during the last quarter.

Invesco KBW Bank ETF Stock Performance

Shares of Invesco KBW Bank ETF stock opened at $90.60 on Friday. The firm has a fifty day moving average of $85.42 and a two-hundred day moving average of $79.44. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11. Invesco KBW Bank ETF has a 52 week low of $51.13 and a 52 week high of $90.92.

Invesco KBW Bank ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.4442 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, December 22nd.

Invesco KBW Bank ETF 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.