Crown Wealth Group LLC Reduces Position in Invesco KBW Bank ETF $KBWB

Crown Wealth Group LLC lowered its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 95.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,250 shares of the company’s stock after selling 64,965 shares during the quarter. Crown Wealth Group LLC’s holdings in Invesco KBW Bank ETF were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of KBWB. JPMorgan Chase & Co. increased its holdings in shares of Invesco KBW Bank ETF by 47.5% in the 4th quarter. JPMorgan Chase & Co. now owns 9,166,004 shares of the company’s stock valued at $772,603,000 after acquiring an additional 2,950,181 shares during the period. Two Sigma Investments LP boosted its stake in Invesco KBW Bank ETF by 2,620.7% during the 3rd quarter. Two Sigma Investments LP now owns 1,213,448 shares of the company’s stock worth $94,904,000 after purchasing an additional 1,168,848 shares during the period. Temasek Holdings Private Ltd purchased a new position in Invesco KBW Bank ETF during the 3rd quarter worth $83,606,000. BNP Paribas Financial Markets purchased a new position in Invesco KBW Bank ETF during the 4th quarter worth $72,072,000. Finally, Fisher Asset Management LLC increased its stake in Invesco KBW Bank ETF by 9.3% in the fourth quarter. Fisher Asset Management LLC now owns 3,568,214 shares of the company’s stock valued at $300,765,000 after purchasing an additional 303,052 shares during the period.

Invesco KBW Bank ETF Stock Performance

NASDAQ KBWB opened at $93.46 on Friday. The firm’s fifty day moving average is $88.15 and its two-hundred day moving average is $85.36. Invesco KBW Bank ETF has a one year low of $70.67 and a one year high of $96.15. The firm has a market cap of $5.90 billion, a PE ratio of 13.35 and a beta of 1.02.

Invesco KBW Bank ETF Announces Dividend

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

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.