Dumont & Blake Investment Advisors LLC Sells 11,827 Shares of Invesco KBW Bank ETF (NASDAQ:KBWB)

Dumont & Blake Investment Advisors LLC trimmed its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 49.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,889 shares of the company’s stock after selling 11,827 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Invesco KBW Bank ETF were worth $697,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in KBWB. Fifth Third Securities Inc. lifted its holdings in shares of Invesco KBW Bank ETF by 4.7% during the 2nd quarter. Fifth Third Securities Inc. now owns 4,214 shares of the company’s stock worth $225,000 after acquiring an additional 191 shares during the period. PNC Financial Services Group Inc. acquired a new stake in Invesco KBW Bank ETF during the fourth quarter valued at approximately $37,000. International Assets Investment Management LLC acquired a new stake in Invesco KBW Bank ETF during the second quarter valued at approximately $43,000. Hazlett Burt & Watson Inc. grew its stake in shares of Invesco KBW Bank ETF by 16.3% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 14,081 shares of the company’s stock valued at $750,000 after purchasing an additional 1,976 shares during the period. Finally, Addison Advisors LLC raised its holdings in shares of Invesco KBW Bank ETF by 8.2% in the 2nd quarter. Addison Advisors LLC now owns 27,222 shares of the company’s stock worth $1,456,000 after buying an additional 2,060 shares in the last quarter.

Invesco KBW Bank ETF Price Performance

Shares of KBWB stock opened at $61.89 on Friday. The stock’s fifty day simple moving average is $58.92 and its 200 day simple moving average is $55.72. Invesco KBW Bank ETF has a one year low of $36.60 and a one year high of $63.39. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.424 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Monday, September 23rd. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40.

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.