Invesco KBW Bank ETF (NASDAQ:KBWB) Holdings Decreased by Truist Financial Corp

Truist Financial Corp reduced its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB – Get Rating) by 1.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,098 shares of the company’s stock after selling 340 shares during the quarter. Truist Financial Corp’s holdings in Invesco KBW Bank ETF were worth $1,135,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James & Associates raised its position in Invesco KBW Bank ETF by 2.7% in the third quarter. Raymond James & Associates now owns 51,768 shares of the company’s stock worth $2,543,000 after acquiring an additional 1,343 shares in the last quarter. WP Advisors LLC raised its position in Invesco KBW Bank ETF by 1.5% in the third quarter. WP Advisors LLC now owns 329,571 shares of the company’s stock worth $16,189,000 after acquiring an additional 4,886 shares in the last quarter. Access Financial Services Inc. raised its position in Invesco KBW Bank ETF by 2.2% in the third quarter. Access Financial Services Inc. now owns 19,950 shares of the company’s stock worth $980,000 after acquiring an additional 433 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Invesco KBW Bank ETF by 3.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 10,297 shares of the company’s stock worth $506,000 after acquiring an additional 324 shares in the last quarter. Finally, Private Advisor Group LLC bought a new stake in Invesco KBW Bank ETF in the third quarter worth about $216,000.

Invesco KBW Bank ETF Trading Down 0.8 %

Shares of Invesco KBW Bank ETF stock opened at $53.18 on Friday. The company’s 50-day moving average price is $53.17 and its two-hundred day moving average price is $53.54. Invesco KBW Bank ETF has a 52 week low of $47.50 and a 52 week high of $75.23.

Invesco KBW Bank ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 23rd. Shareholders of record on Tuesday, December 20th were given a $0.407 dividend. The ex-dividend date was Monday, December 19th. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.38. This represents a $1.63 annualized dividend and a yield of 3.06%.