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News  ›  The Motley Fool

Avanda Disclosed Complete Sale of 438K KBWB Shares Valued at $31.3 Million

The Motley Fool Logo The Motley Fool By Adam Palasciano
Avanda Disclosed Complete Sale of 438K KBWB Shares Valued at $31.3 Million

Avanda Investment Management sold its entire 437,500 share stake in Invesco KBW Bank ETF, representing a $31.3 million divestment and a 41.8% reduction in its reportable assets under management.

Insights
KBWB   neutral

ETF remains strong with 20% year-to-date gains, but Avanda's complete exit suggests potential strategic repositioning