Koshinski Asset Management Inc. Reduces Stock Holdings in Invesco KBW Bank ETF (NASDAQ:KBWB)

Koshinski Asset Management Inc. reduced its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 5.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,482 shares of the company’s stock after selling 535 shares during the period. Koshinski Asset Management Inc.’s holdings in Invesco KBW Bank ETF were worth $554,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of KBWB. Capital Performance Advisors LLP purchased a new stake in shares of Invesco KBW Bank ETF during the 3rd quarter valued at about $29,000. Private Trust Co. NA raised its holdings in shares of 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 buying an additional 266 shares during the period. HM Payson & Co. purchased a new stake in Invesco KBW Bank ETF during the 3rd quarter worth approximately $68,000. FMR LLC increased 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 worth $124,000 after purchasing an additional 515 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC purchased a new stake in Invesco KBW Bank ETF during the 4th quarter worth approximately $232,000.

Invesco KBW Bank ETF Stock Down 0.9 %

KBWB stock opened at $69.91 on Thursday. Invesco KBW Bank ETF has a 52-week low of $46.87 and a 52-week high of $71.78. The stock’s 50 day moving average is $67.93 and its two-hundred day moving average is $62.08. The company has a market capitalization of $3.05 billion, a PE ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.3601 per share. The ex-dividend date was Monday, December 23rd.

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.