Invesco KBW Bank ETF (NASDAQ:KBWB) is Ledyard National Bank’s 9th Largest Position

Ledyard National Bank trimmed its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 0.1% in the 4th quarter, HoldingsChannel reports. The firm owned 343,839 shares of the company’s stock after selling 397 shares during the quarter. Invesco KBW Bank ETF makes up about 1.7% of Ledyard National Bank’s portfolio, making the stock its 9th largest position. Ledyard National Bank’s holdings in Invesco KBW Bank ETF were worth $16,913,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Concourse Financial Group Securities Inc. raised its position in Invesco KBW Bank ETF by 1,000.0% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,210 shares of the company’s stock valued at $48,000 after acquiring an additional 1,100 shares in the last quarter. Capital Analysts LLC raised its position in Invesco KBW Bank ETF by 6,779.5% during the fourth quarter. Capital Analysts LLC now owns 2,683 shares of the company’s stock valued at $132,000 after acquiring an additional 2,644 shares in the last quarter. Cerity Partners LLC acquired a new stake in Invesco KBW Bank ETF in the fourth quarter valued at approximately $246,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Invesco KBW Bank ETF in the third quarter valued at approximately $250,000. Finally, Robertson Stephens Wealth Management LLC acquired a new stake in Invesco KBW Bank ETF in the third quarter valued at approximately $254,000.

Invesco KBW Bank ETF Trading Down 0.0 %

KBWB traded down $0.01 during trading on Monday, hitting $52.60. The company’s stock had a trading volume of 513,313 shares, compared to its average volume of 891,268. Invesco KBW Bank ETF has a twelve month low of $36.19 and a twelve month high of $53.79. The business’s fifty day simple moving average is $51.20 and its 200 day simple moving average is $47.25. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 10.29 and a beta of 1.19.

Invesco KBW Bank ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were issued a $0.4265 dividend. This represents a $1.71 annualized dividend and a yield of 3.24%. The ex-dividend date was Monday, March 18th.

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.