Ledyard National Bank Sells 31,703 Shares of Invesco KBW Bank ETF (NASDAQ:KBWB)

Ledyard National Bank trimmed its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 9.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 295,318 shares of the company’s stock after selling 31,703 shares during the period. Invesco KBW Bank ETF makes up about 1.8% of Ledyard National Bank’s portfolio, making the stock its 12th biggest position. Ledyard National Bank owned about 0.61% of Invesco KBW Bank ETF worth $19,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of KBWB. Capital Performance Advisors LLP purchased a new stake in Invesco KBW Bank ETF in the 3rd quarter worth about $29,000. Private Trust Co. NA raised its holdings in shares of Invesco KBW Bank ETF by 88.7% in the third quarter. Private Trust Co. NA now owns 566 shares of the company’s stock worth $33,000 after buying an additional 266 shares during the period. Synergy Asset Management LLC purchased a new stake in shares of Invesco KBW Bank ETF in the fourth quarter worth approximately $40,000. HM Payson & Co. bought a new stake in shares of Invesco KBW Bank ETF during the 3rd quarter worth approximately $68,000. Finally, FMR LLC boosted 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 acquiring an additional 515 shares during the period.

Invesco KBW Bank ETF Stock Up 1.4 %

KBWB stock opened at $72.21 on Friday. Invesco KBW Bank ETF has a twelve month low of $46.87 and a twelve month high of $72.24. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. The business’s fifty day simple moving average is $68.16 and its two-hundred day simple moving average is $63.14.

Invesco KBW Bank ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 27th. Investors 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.