SOL Capital Management CO Has $18.59 Million Position in Invesco KBW Bank ETF (NASDAQ:KBWB)

SOL Capital Management CO trimmed its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 2.9% during the fourth quarter, Holdings Channel reports. The firm owned 284,398 shares of the company’s stock after selling 8,580 shares during the period. Invesco KBW Bank ETF comprises 2.1% of SOL Capital Management CO’s holdings, making the stock its 9th biggest holding. SOL Capital Management CO’s holdings in Invesco KBW Bank ETF were worth $18,585,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in shares of Invesco KBW Bank ETF during the second quarter worth approximately $547,000. Private Trust Co. NA grew its position 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 worth $33,000 after acquiring an additional 266 shares during the last quarter. FMR LLC increased its holdings in Invesco KBW Bank ETF by 32.3% during the 3rd quarter. FMR LLC now owns 2,108 shares of the company’s stock valued at $124,000 after purchasing an additional 515 shares in the last quarter. Magnus Financial Group LLC raised its position in Invesco KBW Bank ETF by 132.8% in the 3rd quarter. Magnus Financial Group LLC now owns 12,292 shares of the company’s stock valued at $720,000 after purchasing an additional 7,013 shares during the last quarter. Finally, RFG Holdings Inc. boosted its stake in Invesco KBW Bank ETF by 4.3% in the third quarter. RFG Holdings Inc. now owns 202,888 shares of the company’s stock worth $11,893,000 after purchasing an additional 8,353 shares in the last quarter.

Invesco KBW Bank ETF Stock Up 0.8 %

Invesco KBW Bank ETF stock opened at $71.49 on Friday. The stock has a 50-day simple moving average of $68.14 and a 200 day simple moving average of $62.69. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a 12-month low of $46.87 and a 12-month high of $72.03.

Invesco KBW Bank ETF Announces Dividend

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

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.