ProVise Management Group LLC Sells 2,009 Shares of Invesco KBW Bank ETF $KBWB

ProVise Management Group LLC reduced its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 4.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,033 shares of the company’s stock after selling 2,009 shares during the quarter. ProVise Management Group LLC’s holdings in Invesco KBW Bank ETF were worth $3,082,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC raised its position in Invesco KBW Bank ETF by 287.6% during the first quarter. Private Advisor Group LLC now owns 27,163 shares of the company’s stock valued at $1,705,000 after purchasing an additional 20,155 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Invesco KBW Bank ETF by 63.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 146,520 shares of the company’s stock valued at $9,197,000 after purchasing an additional 57,078 shares during the last quarter. Astoria Portfolio Advisors LLC. bought a new position in shares of Invesco KBW Bank ETF in the 2nd quarter valued at $399,000. Hazlett Burt & Watson Inc. raised its holdings in shares of Invesco KBW Bank ETF by 16.9% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 26,959 shares of the company’s stock worth $1,933,000 after buying an additional 3,902 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of Invesco KBW Bank ETF during the 2nd quarter worth $31,000.

Invesco KBW Bank ETF Stock Down 0.6%

NASDAQ:KBWB opened at $77.00 on Friday. Invesco KBW Bank ETF has a twelve month low of $51.13 and a twelve month high of $80.08. The stock’s 50-day simple moving average is $77.14 and its 200 day simple moving average is $72.73. The firm has a market capitalization of $5.70 billion, a PE ratio of 13.35 and a beta of 1.11.

Invesco KBW Bank ETF Increases Dividend

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

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.