Invesco KBW Bank ETF (NASDAQ:KBWB) Holdings Decreased by RFG Holdings Inc.

RFG Holdings Inc. lowered its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,651 shares of the company’s stock after selling 12,237 shares during the quarter. Invesco KBW Bank ETF makes up approximately 4.1% of RFG Holdings Inc.’s portfolio, making the stock its 7th biggest position. RFG Holdings Inc. owned about 0.39% of Invesco KBW Bank ETF worth $12,461,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Tranquilli Financial Advisor LLC purchased a new position in shares of Invesco KBW Bank ETF in the fourth quarter worth about $282,000. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Invesco KBW Bank ETF during the fourth quarter valued at approximately $1,102,000. Spire Wealth Management grew its stake in Invesco KBW Bank ETF by 371.0% in the fourth quarter. Spire Wealth Management now owns 2,793 shares of the company’s stock worth $183,000 after purchasing an additional 2,200 shares during the period. Chicago Partners Investment Group LLC bought a new position in Invesco KBW Bank ETF in the fourth quarter worth $210,000. Finally, Custom Index Systems LLC purchased a new position in Invesco KBW Bank ETF during the fourth quarter valued at $269,000.

Invesco KBW Bank ETF Stock Performance

Shares of NASDAQ KBWB opened at $70.29 on Tuesday. The company has a 50 day simple moving average of $68.19 and a two-hundred day simple moving average of $62.91. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a fifty-two week low of $46.87 and a fifty-two week high of $72.03.

Invesco KBW Bank ETF Announces Dividend

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