Invesco KBW Bank ETF (NASDAQ:KBWB) is Wharton Business Group LLC’s 5th Largest Position

Wharton Business Group LLC lessened its holdings in Invesco KBW Bank ETF (NASDAQ:KBWB) by 9.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,799,937 shares of the company’s stock after selling 187,598 shares during the quarter. Invesco KBW Bank ETF accounts for about 5.3% of Wharton Business Group LLC’s holdings, making the stock its 5th biggest position. Wharton Business Group LLC owned approximately 3.74% of Invesco KBW Bank ETF worth $117,626,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Robertson Stephens Wealth Management LLC raised its holdings in Invesco KBW Bank ETF by 1.7% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 10,504 shares of the company’s stock worth $686,000 after purchasing an additional 173 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in Invesco KBW Bank ETF by 6.4% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,385 shares of the company’s stock valued at $287,000 after acquiring an additional 264 shares during the last quarter. Private Trust Co. NA increased its holdings in Invesco KBW Bank ETF by 88.7% during the 3rd quarter. Private Trust Co. NA now owns 566 shares of the company’s stock valued at $33,000 after acquiring an additional 266 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Invesco KBW Bank ETF during the third quarter worth about $29,000. Finally, FMR LLC raised its position in Invesco KBW Bank ETF by 32.3% during the third quarter. FMR LLC now owns 2,108 shares of the company’s stock worth $124,000 after acquiring an additional 515 shares during the last quarter.

Invesco KBW Bank ETF Stock Performance

KBWB stock opened at $68.94 on Monday. The stock has a market capitalization of $3.33 billion, a P/E ratio of 14.51 and a beta of 1.19. The company has a 50 day moving average price of $68.56 and a two-hundred day moving average price of $64.38. Invesco KBW Bank ETF has a one year low of $48.73 and a one year high of $72.39.

Invesco KBW Bank ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.3601 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.