Commonwealth Equity Services LLC Buys 26,021 Shares of Invesco KBW Bank ETF $KBWB

Commonwealth Equity Services LLC lifted its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 125.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 46,822 shares of the company’s stock after acquiring an additional 26,021 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Invesco KBW Bank ETF were worth $3,947,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Marex Group plc bought a new stake in shares of Invesco KBW Bank ETF during the 4th quarter worth $833,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Invesco KBW Bank ETF by 73.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,788 shares of the company’s stock worth $319,000 after acquiring an additional 1,605 shares during the last quarter. Mosley Wealth Management bought a new stake in shares of Invesco KBW Bank ETF during the 4th quarter worth $298,000. Great Valley Advisor Group Inc. bought a new stake in shares of Invesco KBW Bank ETF during the 4th quarter worth $213,000. Finally, Keel Point LLC lifted its holdings in shares of Invesco KBW Bank ETF by 10.2% during the 4th quarter. Keel Point LLC now owns 28,424 shares of the company’s stock worth $2,396,000 after acquiring an additional 2,625 shares during the last quarter.

Invesco KBW Bank ETF Stock Performance

NASDAQ KBWB opened at $89.44 on Tuesday. The company has a market capitalization of $5.64 billion, a P/E ratio of 13.35 and a beta of 1.02. The company has a fifty day moving average of $85.15 and a 200-day moving average of $84.03. Invesco KBW Bank ETF has a 52-week low of $65.40 and a 52-week high of $91.43.

Invesco KBW Bank ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.4898 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, March 23rd. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44.

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.