Ledyard National Bank Sells 11,370 Shares of Invesco KBW Bank ETF $KBWB

Ledyard National Bank reduced its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 248,828 shares of the company’s stock after selling 11,370 shares during the period. Invesco KBW Bank ETF accounts for approximately 1.8% of Ledyard National Bank’s investment portfolio, making the stock its 13th biggest position. Ledyard National Bank’s holdings in Invesco KBW Bank ETF were worth $20,974,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Comerica Bank grew its holdings in Invesco KBW Bank ETF by 58.3% during the 1st quarter. Comerica Bank now owns 1,189 shares of the company’s stock worth $75,000 after acquiring an additional 438 shares during the period. Jones Financial Companies Lllp grew its holdings in Invesco KBW Bank ETF by 130.5% during the 1st quarter. Jones Financial Companies Lllp now owns 6,630 shares of the company’s stock worth $416,000 after acquiring an additional 3,754 shares during the period. Menora Mivtachim Holdings LTD. grew its holdings in Invesco KBW Bank ETF by 107.4% during the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 3,085,450 shares of the company’s stock worth $220,980,000 after acquiring an additional 1,597,450 shares during the period. NewEdge Advisors LLC grew its holdings in Invesco KBW Bank ETF by 63.9% during the 2nd quarter. NewEdge Advisors LLC now owns 6,546 shares of the company’s stock worth $469,000 after acquiring an additional 2,553 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in Invesco KBW Bank ETF by 2.8% during the 2nd quarter. Quantinno Capital Management LP now owns 41,976 shares of the company’s stock worth $3,006,000 after acquiring an additional 1,139 shares during the period.

Invesco KBW Bank ETF Trading Up 3.8%

Shares of Invesco KBW Bank ETF stock opened at $84.32 on Thursday. The business has a 50-day moving average price of $82.39 and a two-hundred day moving average price of $81.26. Invesco KBW Bank ETF has a 1-year low of $51.83 and a 1-year high of $91.43. The company has a market cap of $5.06 billion, a P/E ratio of 13.35 and a beta of 1.04.

Invesco KBW Bank ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.4898 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, March 23rd. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44.

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.