OneDigital Investment Advisors LLC Cuts Stock Holdings in Invesco KBW Bank ETF (NASDAQ:KBWB)

OneDigital Investment Advisors LLC reduced its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 6.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,167 shares of the company’s stock after selling 296 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Invesco KBW Bank ETF were worth $244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Addison Advisors LLC increased its position in shares of Invesco KBW Bank ETF by 3.6% during the 3rd quarter. Addison Advisors LLC now owns 28,194 shares of the company’s stock valued at $1,652,000 after purchasing an additional 972 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Invesco KBW Bank ETF during the third quarter valued at about $29,000. Hazlett Burt & Watson Inc. grew its stake in shares of Invesco KBW Bank ETF by 17.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 16,542 shares of the company’s stock valued at $971,000 after buying an additional 2,461 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Invesco KBW Bank ETF by 712.2% in the third quarter. Farther Finance Advisors LLC now owns 8,114 shares of the company’s stock worth $476,000 after buying an additional 7,115 shares during the period. Finally, HM Payson & Co. bought a new stake in shares of Invesco KBW Bank ETF in the 3rd quarter valued at about $68,000.

Invesco KBW Bank ETF Price Performance

KBWB opened at $70.61 on Friday. The stock’s 50 day simple moving average is $62.25 and its 200 day simple moving average is $57.68. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a 1 year low of $41.98 and a 1 year high of $70.67.

Invesco KBW Bank ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.424 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.40%. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, September 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.