Integrity Alliance LLC. purchased a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,966 shares of the company’s stock, valued at approximately $2,265,000.
Other large investors have also recently modified their holdings of the company. Blume Capital Management Inc. bought a new stake in shares of Invesco KBW Bank ETF in the third quarter worth $35,000. Allworth Financial LP raised its position in Invesco KBW Bank ETF by 25.0% during the 2nd quarter. Allworth Financial LP now owns 665 shares of the company’s stock worth $62,000 after purchasing an additional 133 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Invesco KBW Bank ETF during the 2nd quarter worth $104,000. Trust Co. of Vermont acquired a new position in Invesco KBW Bank ETF during the 2nd quarter worth about $129,000. Finally, Latitude Advisors LLC acquired a new position in Invesco KBW Bank ETF during the 3rd quarter worth about $166,000.
Invesco KBW Bank ETF Trading Up 2.4%
Shares of KBWB stock opened at $91.26 on Thursday. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 12.89 and a beta of 1.05. The stock has a 50-day moving average of $90.66 and a 200-day moving average of $88.95. Invesco KBW Bank ETF has a 1-year low of $74.33 and a 1-year high of $100.61.
Invesco KBW Bank ETF Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were paid a $0.4601 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.0%. This is a decrease from Invesco KBW Bank ETF’s previous quarterly dividend of $0.4729.
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.
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