Quadcap Wealth Management LLC Trims Position in Invesco KBW Bank ETF $KBWB

Quadcap Wealth Management LLC decreased its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 9.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,094 shares of the company’s stock after selling 5,473 shares during the quarter. Quadcap Wealth Management LLC’s holdings in Invesco KBW Bank ETF were worth $4,043,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. North Star Investment Management Corp. bought a new position in Invesco KBW Bank ETF in the 1st quarter worth about $29,000. IFP Advisors Inc bought a new stake in shares of Invesco KBW Bank ETF during the fourth quarter valued at approximately $35,000. Private Wealth Management Group LLC bought a new stake in shares of Invesco KBW Bank ETF during the first quarter valued at approximately $40,000. Allworth Financial LP boosted its holdings in shares of Invesco KBW Bank ETF by 31.5% in the fourth quarter. Allworth Financial LP now owns 522 shares of the company’s stock valued at $44,000 after purchasing an additional 125 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Invesco KBW Bank ETF by 970.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the company’s stock valued at $45,000 after purchasing an additional 485 shares during the period.

Invesco KBW Bank ETF Price Performance

Shares of NASDAQ:KBWB opened at $96.62 on Monday. The business’s 50 day moving average is $92.09 and its 200 day moving average is $86.88. The stock has a market cap of $6.89 billion, a P/E ratio of 13.35 and a beta of 1.01. Invesco KBW Bank ETF has a 52-week low of $70.68 and a 52-week high of $98.97.

Invesco KBW Bank ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a $0.4729 dividend. This represents a $1.89 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, June 22nd.

Invesco KBW Bank ETF Company 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.