Invesco KBW Bank ETF Declares Quarterly Dividend of $0.44 (NASDAQ:KBWB)

Invesco KBW Bank ETF (NASDAQ:KBWB) announced a quarterly dividend on Monday, December 22nd. Stockholders of record on Monday, December 22nd will be given a dividend of 0.4442 per share on Friday, December 26th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, December 22nd.

Invesco KBW Bank ETF Trading Up 0.7%

Shares of NASDAQ KBWB traded up $0.58 during trading hours on Monday, hitting $85.85. 992,946 shares of the company traded hands, compared to its average volume of 2,112,702. The company’s 50 day moving average price is $78.61 and its 200 day moving average price is $75.65. Invesco KBW Bank ETF has a 12 month low of $51.13 and a 12 month high of $86.02. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11.

Institutional Investors Weigh In On Invesco KBW Bank ETF

Several institutional investors have recently made changes to their positions in the company. Allworth Financial LP grew its holdings in Invesco KBW Bank ETF by 59.4% during the 2nd quarter. Allworth Financial LP now owns 400 shares of the company’s stock valued at $29,000 after purchasing an additional 149 shares during the last quarter. UMB Bank n.a. purchased a new position in shares of Invesco KBW Bank ETF during the third quarter valued at approximately $31,000. Fifth Third Bancorp bought a new position in shares of Invesco KBW Bank ETF during the second quarter valued at approximately $31,000. AE Wealth Management LLC raised its holdings in shares of Invesco KBW Bank ETF by 214.4% in the second quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock worth $33,000 after buying an additional 313 shares during the period. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of Invesco KBW Bank ETF in the third quarter worth approximately $86,000.

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.