Invesco KBW Bank ETF (NASDAQ:KBWB) Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. lowered its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,482 shares of the company’s stock after selling 535 shares during the period. Koshinski Asset Management Inc.’s holdings in Invesco KBW Bank ETF were worth $554,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its stake in Invesco KBW Bank ETF by 908.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 138,908 shares of the company’s stock worth $7,432,000 after buying an additional 125,133 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Invesco KBW Bank ETF in the 2nd quarter worth about $1,193,000. Bank of Montreal Can raised its holdings in shares of Invesco KBW Bank ETF by 936.3% in the 2nd quarter. Bank of Montreal Can now owns 36,063 shares of the company’s stock worth $1,930,000 after purchasing an additional 32,583 shares during the period. Marshall Wace LLP purchased a new position in shares of Invesco KBW Bank ETF in the 2nd quarter worth about $696,000. Finally, Magnolia Capital Advisors LLC purchased a new position in shares of Invesco KBW Bank ETF in the 2nd quarter worth about $5,434,000.

Invesco KBW Bank ETF Price Performance

Invesco KBW Bank ETF stock opened at $69.91 on Thursday. The stock’s 50-day moving average is $67.93 and its 200-day moving average is $62.08. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a 12 month low of $46.87 and a 12 month high of $71.78.

Invesco KBW Bank ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a $0.3601 dividend. The ex-dividend date was Monday, December 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.