M&T Bank Corp Sells 1,831 Shares of Invesco KBW Bank ETF (NASDAQ:KBWB)

Posted by Defense World Staff on Jun 7th, 2023

M&T Bank Corp trimmed its holdings in Invesco KBW Bank ETF (NASDAQ:KBWB – Get Rating) by 36.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,169 shares of the company’s stock after selling 1,831 shares during the quarter. M&T Bank Corp’s holdings in Invesco KBW Bank ETF were worth $35,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new position in shares of Invesco KBW Bank ETF during the 1st quarter valued at approximately $29,000. EPG Wealth Management LLC bought a new position in shares of Invesco KBW Bank ETF during the 3rd quarter valued at approximately $32,000. Simplex Trading LLC boosted its position in shares of Invesco KBW Bank ETF by 157.4% during the 4th quarter. Simplex Trading LLC now owns 924 shares of the company’s stock valued at $47,000 after acquiring an additional 565 shares during the last quarter. CoreCap Advisors LLC bought a new position in shares of Invesco KBW Bank ETF during the 4th quarter valued at approximately $58,000. Finally, Y.D. More Investments Ltd bought a new position in shares of Invesco KBW Bank ETF during the 4th quarter valued at approximately $125,000.

Invesco KBW Bank ETF Stock Performance

NASDAQ KBWB opened at $42.15 on Wednesday. The company has a market capitalization of $1.36 billion, a P/E ratio of 8.67 and a beta of 1.19. Invesco KBW Bank ETF has a one year low of $36.19 and a one year high of $59.76. The stock has a 50 day moving average price of $39.39 and a 200-day moving average price of $43.66.

Invesco KBW Bank ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Tuesday, March 21st were given a dividend of $0.334 per share. The ex-dividend date was Monday, March 20th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.17%.

Invesco KBW Bank ETF Profile

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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.