Lowe Brockenbrough & Co. Inc. Sells 30,991 Shares of Invesco KBW Bank ETF (NASDAQ:KBWB)

Lowe Brockenbrough & Co. Inc. cut its holdings in Invesco KBW Bank ETF (NASDAQ:KBWB) by 22.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 107,701 shares of the company’s stock after selling 30,991 shares during the quarter. Lowe Brockenbrough & Co. Inc. owned approximately 0.35% of Invesco KBW Bank ETF worth $6,312,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. bought a new position in Invesco KBW Bank ETF in the 4th quarter valued at $37,000. International Assets Investment Management LLC bought a new position in Invesco KBW Bank ETF in the second quarter valued at about $43,000. HM Payson & Co. bought a new position in Invesco KBW Bank ETF in the third quarter valued at about $68,000. Lynx Investment Advisory acquired a new stake in Invesco KBW Bank ETF in the second quarter worth about $121,000. Finally, Fifth Third Securities Inc. raised its holdings in Invesco KBW Bank ETF by 4.7% during the 2nd quarter. Fifth Third Securities Inc. now owns 4,214 shares of the company’s stock worth $225,000 after purchasing an additional 191 shares during the last quarter.

Invesco KBW Bank ETF Trading Down 0.3 %

Shares of NASDAQ KBWB opened at $62.34 on Friday. Invesco KBW Bank ETF has a 1 year low of $38.33 and a 1 year high of $63.91. The firm’s 50-day moving average is $59.48 and its 200-day moving average is $56.13. The firm has a market capitalization of $1.91 billion, a PE ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.424 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Monday, September 23rd. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40.

Invesco KBW Bank ETF Company 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.