PNC Financial Services Group Inc. Decreases Stock Holdings in Invesco KBW Regional Banking ETF (NASDAQ:KBWR)

PNC Financial Services Group Inc. lowered its position in shares of Invesco KBW Regional Banking ETF (NASDAQ:KBWR) by 20.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,262 shares of the company’s stock after selling 325 shares during the period. PNC Financial Services Group Inc.’s holdings in Invesco KBW Regional Banking ETF were worth $75,000 at the end of the most recent reporting period.

Separately, TruNorth Capital Management LLC bought a new position in shares of Invesco KBW Regional Banking ETF during the fourth quarter valued at about $143,000.

Invesco KBW Regional Banking ETF Price Performance

NASDAQ KBWR opened at $57.85 on Wednesday. The business’s 50-day moving average is $60.43 and its 200 day moving average is $60.43. The stock has a market capitalization of $52.64 million, a PE ratio of 13.87 and a beta of 1.04. Invesco KBW Regional Banking ETF has a 1 year low of $46.02 and a 1 year high of $69.75.

Invesco KBW Regional Banking ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.3727 per share. The ex-dividend date is Monday, March 24th.

Invesco KBW Regional Banking ETF Profile

The Invesco KBW Regional Banking ETF (KBWR) is an exchange-traded fund that is based on the KBW Nasdaq Regional Banking index, a modified market-cap-weighted index focused exclusively on regional banking firms in the US. KBWR was launched on Nov 1, 2011 and is managed by Invesco.