JPMorgan Chase & Co. Lowers Stake in Invesco KBW Bank ETF (NASDAQ:KBWB)

JPMorgan Chase & Co. reduced its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 44.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,053,619 shares of the company’s stock after selling 827,259 shares during the quarter. JPMorgan Chase & Co.’s holdings in Invesco KBW Bank ETF were worth $61,753,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. acquired a new position in shares of Invesco KBW Bank ETF during the second quarter worth $1,306,000. International Assets Investment Management LLC acquired a new position in Invesco KBW Bank ETF during the 2nd quarter worth approximately $43,000. Addison Advisors LLC grew its holdings in Invesco KBW Bank ETF by 8.2% during the second quarter. Addison Advisors LLC now owns 27,222 shares of the company’s stock worth $1,456,000 after acquiring an additional 2,060 shares during the period. Hazlett Burt & Watson Inc. increased its holdings in shares of Invesco KBW Bank ETF by 16.3% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 14,081 shares of the company’s stock valued at $750,000 after purchasing an additional 1,976 shares in the last quarter. Finally, Valley Wealth Managers Inc. purchased a new position in Invesco KBW Bank ETF in the second quarter valued at about $6,971,000.

Invesco KBW Bank ETF Stock Performance

Shares of KBWB stock opened at $66.07 on Friday. The stock has a market cap of $2.02 billion, a PE ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a 1 year low of $46.53 and a 1 year high of $71.78. The stock has a fifty day moving average price of $67.34 and a 200 day moving average price of $60.76.

Invesco KBW Bank ETF Dividend Announcement

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