Ledyard National Bank Sells 5,829 Shares of Invesco KBW Bank ETF $KBWB

Ledyard National Bank cut its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 228,501 shares of the company’s stock after selling 5,829 shares during the period. Invesco KBW Bank ETF accounts for 1.6% of Ledyard National Bank’s portfolio, making the stock its 18th largest holding. Ledyard National Bank’s holdings in Invesco KBW Bank ETF were worth $19,932,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of KBWB. North Star Investment Management Corp. acquired a new stake in shares of Invesco KBW Bank ETF in the first quarter valued at approximately $29,000. Private Wealth Management Group LLC bought a new position in shares of Invesco KBW Bank ETF during the 1st quarter worth approximately $40,000. Allworth Financial LP boosted its stake in shares of Invesco KBW Bank ETF by 25.0% during the 2nd quarter. Allworth Financial LP now owns 665 shares of the company’s stock worth $62,000 after acquiring an additional 133 shares during the period. Sound Income Strategies LLC increased its holdings in shares of Invesco KBW Bank ETF by 929.9% during the 1st quarter. Sound Income Strategies LLC now owns 896 shares of the company’s stock worth $72,000 after acquiring an additional 809 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Invesco KBW Bank ETF during the 2nd quarter worth approximately $104,000.

Invesco KBW Bank ETF Trading Up 0.2%

KBWB opened at $88.22 on Friday. Invesco KBW Bank ETF has a 1-year low of $74.33 and a 1-year high of $100.61. The stock’s fifty day simple moving average is $92.12 and its 200 day simple moving average is $91.33. The stock has a market cap of $6.26 billion, a PE ratio of 13.35 and a beta of 1.05.

Invesco KBW Bank ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a dividend of $0.4601 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.1%. This is a negative change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.4729. The ex-dividend date of this dividend was Monday, September 21st.

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.