Ledyard National Bank Trims Holdings in Invesco KBW Bank ETF (NASDAQ:KBWB)

Ledyard National Bank lowered its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 295,318 shares of the company’s stock after selling 31,703 shares during the period. Invesco KBW Bank ETF makes up approximately 1.8% of Ledyard National Bank’s investment portfolio, making the stock its 12th largest holding. Ledyard National Bank’s holdings in Invesco KBW Bank ETF were worth $19,299,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of KBWB. Robertson Stephens Wealth Management LLC lifted its holdings in shares of Invesco KBW Bank ETF by 1.7% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 10,504 shares of the company’s stock valued at $686,000 after buying an additional 173 shares during the period. Private Trust Co. NA lifted its holdings in Invesco KBW Bank ETF by 88.7% in the third quarter. Private Trust Co. NA now owns 566 shares of the company’s stock valued at $33,000 after acquiring an additional 266 shares during the period. Capital Performance Advisors LLP purchased a new stake in Invesco KBW Bank ETF in the 3rd quarter worth approximately $29,000. FMR LLC grew its stake in shares of Invesco KBW Bank ETF by 32.3% during the 3rd quarter. FMR LLC now owns 2,108 shares of the company’s stock worth $124,000 after purchasing an additional 515 shares during the period. Finally, Synergy Asset Management LLC purchased a new position in shares of Invesco KBW Bank ETF during the 4th quarter valued at approximately $40,000.

Invesco KBW Bank ETF Price Performance

KBWB opened at $72.21 on Friday. The stock has a market cap of $3.49 billion, a P/E ratio of 10.69 and a beta of 1.19. The firm has a fifty day moving average price of $68.16 and a 200 day moving average price of $63.14. Invesco KBW Bank ETF has a 1 year low of $46.87 and a 1 year high of $72.24.

Invesco KBW Bank ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a dividend of $0.3601 per share. The ex-dividend date of this dividend 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.