Raymond James & Associates Sells 535 Shares of Invesco KBW Bank ETF (NASDAQ:KBWB)

Raymond James & Associates lessened its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,812 shares of the company’s stock after selling 535 shares during the quarter. Raymond James & Associates’ holdings in Invesco KBW Bank ETF were worth $630,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. HighTower Advisors LLC lifted its holdings in shares of Invesco KBW Bank ETF by 2.7% during the third quarter. HighTower Advisors LLC now owns 15,389 shares of the company’s stock worth $609,000 after purchasing an additional 401 shares during the period. Meitav Investment House Ltd. lifted its holdings in shares of Invesco KBW Bank ETF by 2.3% during the third quarter. Meitav Investment House Ltd. now owns 37,529 shares of the company’s stock worth $1,502,000 after purchasing an additional 847 shares during the period. Concourse Financial Group Securities Inc. lifted its holdings in shares of Invesco KBW Bank ETF by 1,000.0% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,210 shares of the company’s stock worth $48,000 after purchasing an additional 1,100 shares during the period. Accredited Investors Inc. lifted its holdings in shares of Invesco KBW Bank ETF by 15.9% during the third quarter. Accredited Investors Inc. now owns 8,396 shares of the company’s stock worth $336,000 after purchasing an additional 1,150 shares during the period. Finally, Atria Wealth Solutions Inc. lifted its holdings in shares of Invesco KBW Bank ETF by 2.7% during the third quarter. Atria Wealth Solutions Inc. now owns 49,175 shares of the company’s stock worth $1,970,000 after purchasing an additional 1,303 shares during the period.

Invesco KBW Bank ETF Stock Performance

Shares of NASDAQ:KBWB opened at $53.06 on Thursday. The firm has a market cap of $1.51 billion, a PE ratio of 10.44 and a beta of 1.19. The firm’s fifty day moving average is $51.06 and its 200-day moving average is $47.01. Invesco KBW Bank ETF has a 52 week low of $36.19 and a 52 week high of $53.79.

Invesco KBW Bank ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were issued a $0.4265 dividend. The ex-dividend date was Monday, March 18th. This represents a $1.71 annualized dividend and a yield of 3.22%.

Invesco KBW Bank ETF Company 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.