Baird Financial Group Inc. Lowers Holdings in Invesco KBW Bank ETF (NASDAQ:KBWB)

Baird Financial Group Inc. cut its holdings in Invesco KBW Bank ETF (NASDAQ:KBWBGet Rating) by 41.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,995 shares of the company’s stock after selling 2,863 shares during the period. Baird Financial Group Inc.’s holdings in Invesco KBW Bank ETF were worth $207,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in KBWB. PNC Financial Services Group Inc. purchased a new stake in shares of Invesco KBW Bank ETF during the 1st quarter worth approximately $29,000. Prospera Financial Services Inc purchased a new stake in shares of Invesco KBW Bank ETF during the 1st quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco KBW Bank ETF by 1,848.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,559 shares of the company’s stock worth $99,000 after acquiring an additional 1,479 shares in the last quarter. Citizens & Northern Corp purchased a new stake in shares of Invesco KBW Bank ETF during the 2nd quarter worth approximately $229,000. Finally, Bank of Montreal Can raised its holdings in shares of Invesco KBW Bank ETF by 1,680.0% during the 1st quarter. Bank of Montreal Can now owns 4,450 shares of the company’s stock worth $299,000 after acquiring an additional 4,200 shares in the last quarter.

Invesco KBW Bank ETF Price Performance

NASDAQ KBWB opened at $55.32 on Thursday. The business’s 50 day moving average price is $52.47 and its 200-day moving average price is $54.29. Invesco KBW Bank ETF has a fifty-two week low of $47.50 and a fifty-two week high of $76.47.

Invesco KBW Bank ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Tuesday, September 20th were given a dividend of $0.381 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Monday, September 19th.

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Institutional Ownership by Quarter for Invesco KBW Bank ETF (NASDAQ:KBWB)

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