Caprock Group LLC Cuts Stock Position in Invesco KBW Bank ETF (NASDAQ:KBWB)

Caprock Group LLC trimmed its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 5.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,646 shares of the company’s stock after selling 223 shares during the period. Caprock Group LLC’s holdings in Invesco KBW Bank ETF were worth $214,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in Invesco KBW Bank ETF in the 3rd quarter valued at about $29,000. International Assets Investment Management LLC purchased a new stake in Invesco KBW Bank ETF during the 2nd quarter worth approximately $43,000. HM Payson & Co. acquired a new position in shares of Invesco KBW Bank ETF during the third quarter valued at approximately $68,000. Lynx Investment Advisory purchased a new position in shares of Invesco KBW Bank ETF in the second quarter valued at approximately $121,000. Finally, Fifth Third Securities Inc. boosted its stake in shares of Invesco KBW Bank ETF by 4.7% in the second 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 last quarter.

Invesco KBW Bank ETF Stock Performance

NASDAQ KBWB opened at $70.61 on Monday. The business has a fifty day moving average price of $62.53 and a 200 day moving average price of $57.83. The company has a market cap of $2.16 billion, a P/E ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a one year low of $41.98 and a one year high of $70.67.

Invesco KBW Bank ETF Increases Dividend

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