9,625 Shares in Invesco KBW Bank ETF (NASDAQ:KBWB) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC purchased a new position in Invesco KBW Bank ETF (NASDAQ:KBWB) in the fourth quarter, Holdings Channel reports. The fund purchased 9,625 shares of the company’s stock, valued at approximately $629,000.

Other institutional investors also recently added to or reduced their stakes in the company. Synergy Asset Management LLC purchased a new stake in shares of Invesco KBW Bank ETF during the 4th quarter worth approximately $40,000. Thompson Investment Management Inc. purchased a new stake in shares of Invesco KBW Bank ETF during the 4th quarter worth approximately $54,000. Finley Financial LLC purchased a new stake in shares of Invesco KBW Bank ETF during the 4th quarter worth approximately $156,000. Spire Wealth Management lifted its position in shares of Invesco KBW Bank ETF by 371.0% during the 4th quarter. Spire Wealth Management now owns 2,793 shares of the company’s stock worth $183,000 after buying an additional 2,200 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Invesco KBW Bank ETF by 143.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,876 shares of the company’s stock worth $188,000 after buying an additional 1,695 shares during the last quarter.

Invesco KBW Bank ETF Trading Up 0.4%

Shares of NASDAQ:KBWB opened at $67.22 on Friday. The company has a market capitalization of $3.90 billion, a PE ratio of 12.26 and a beta of 1.19. Invesco KBW Bank ETF has a twelve month low of $51.13 and a twelve month high of $72.39. The firm has a 50 day simple moving average of $60.54 and a 200-day simple moving average of $65.53.

Invesco KBW Bank ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.4118 per share. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Invesco KBW Bank ETF’s previous dividend of $0.36.

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.