Invesco KBW Bank ETF (NASDAQ:KBWB) Stake Cut by Laidlaw Wealth Management LLC

Laidlaw Wealth Management LLC decreased its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 5.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,642 shares of the company’s stock after selling 1,000 shares during the period. Laidlaw Wealth Management LLC owned about 0.06% of Invesco KBW Bank ETF worth $890,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of Invesco KBW Bank ETF in the 2nd quarter worth approximately $43,000. Principal Financial Group Inc. bought a new stake in Invesco KBW Bank ETF in the second quarter valued at $1,306,000. Beacon Financial Advisory LLC boosted its holdings in shares of Invesco KBW Bank ETF by 28.7% during the second quarter. Beacon Financial Advisory LLC now owns 14,388 shares of the company’s stock valued at $770,000 after acquiring an additional 3,206 shares during the period. RFG Holdings Inc. grew its position in shares of Invesco KBW Bank ETF by 9.4% during the second quarter. RFG Holdings Inc. now owns 194,535 shares of the company’s stock worth $10,408,000 after acquiring an additional 16,667 shares during the last quarter. Finally, Fifth Third Securities Inc. increased its holdings in shares of Invesco KBW Bank ETF by 4.7% in the 2nd quarter. Fifth Third Securities Inc. now owns 4,214 shares of the company’s stock worth $225,000 after acquiring an additional 191 shares during the period.

Invesco KBW Bank ETF Stock Up 1.2 %

Shares of NASDAQ:KBWB opened at $59.61 on Tuesday. The company’s 50-day moving average price is $56.23 and its 200 day moving average price is $53.57. The company has a market cap of $1.73 billion, a PE ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a fifty-two week low of $36.51 and a fifty-two week high of $59.68.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a dividend of $0.3984 per share. This represents a $1.59 annualized dividend and a yield of 2.67%. The ex-dividend date was Monday, June 24th.

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.