Northwestern Mutual Wealth Management Co. Grows Stake in Invesco KBW Bank ETF $KBWB

Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 2,254.6% during the 4th quarter, HoldingsChannel reports. The firm owned 313,609 shares of the company’s stock after buying an additional 300,290 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco KBW Bank ETF were worth $26,434,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of Invesco KBW Bank ETF by 77.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,215,823 shares of the company’s stock valued at $486,140,000 after acquiring an additional 2,712,112 shares during the period. Two Sigma Investments LP increased its holdings in shares of Invesco KBW Bank ETF by 2,620.7% in the 3rd quarter. Two Sigma Investments LP now owns 1,213,448 shares of the company’s stock valued at $94,904,000 after acquiring an additional 1,168,848 shares during the period. Temasek Holdings Private Ltd purchased a new position in shares of Invesco KBW Bank ETF in the 3rd quarter valued at $83,606,000. Fisher Asset Management LLC increased its holdings in shares of Invesco KBW Bank ETF by 9.1% in the 3rd quarter. Fisher Asset Management LLC now owns 3,265,162 shares of the company’s stock valued at $255,368,000 after acquiring an additional 273,692 shares during the period. Finally, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management purchased a new position in shares of Invesco KBW Bank ETF in the 3rd quarter valued at $9,933,000.

Invesco KBW Bank ETF Trading Down 0.8%

Shares of NASDAQ:KBWB opened at $83.59 on Wednesday. Invesco KBW Bank ETF has a 12-month low of $63.59 and a 12-month high of $91.43. The business’s fifty day simple moving average is $82.41 and its 200-day simple moving average is $83.02. The company has a market capitalization of $5.27 billion, a PE ratio of 13.35 and a beta of 1.04.

Invesco KBW Bank ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.4898 dividend. The ex-dividend date was Monday, March 23rd. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44.

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.