ProVise Management Group LLC Decreases Stock Holdings in Invesco KBW Bank ETF (NASDAQ:KBWB)

ProVise Management Group LLC trimmed its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,754 shares of the company’s stock after selling 1,705 shares during the quarter. ProVise Management Group LLC owned 0.10% of Invesco KBW Bank ETF worth $3,055,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in KBWB. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Invesco KBW Bank ETF by 6.9% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 278,000 shares of the company’s stock worth $16,294,000 after buying an additional 18,000 shares during the period. Fisher Asset Management LLC increased its position in Invesco KBW Bank ETF by 11.6% during the 3rd quarter. Fisher Asset Management LLC now owns 2,529,651 shares of the company’s stock valued at $148,263,000 after purchasing an additional 262,800 shares during the period. DRW Securities LLC purchased a new position in Invesco KBW Bank ETF during the 3rd quarter valued at $360,000. Private Trust Co. NA increased 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 valued at $33,000 after purchasing an additional 266 shares during the period. Finally, FMR LLC increased its position 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 during the period.

Invesco KBW Bank ETF Trading Up 0.1 %

Shares of Invesco KBW Bank ETF stock opened at $62.38 on Wednesday. The company’s fifty day simple moving average is $68.12 and its two-hundred day simple moving average is $65.30. The company has a market cap of $3.01 billion, a P/E ratio of 12.76 and a beta of 1.19. Invesco KBW Bank ETF has a 12-month low of $49.32 and a 12-month high of $72.39.

Invesco KBW Bank ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a dividend of $0.3601 per share. 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.