Laurel Wealth Advisors LLC Raises Stake in Invesco KBW Bank ETF $KBWB

Laurel Wealth Advisors LLC increased its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 5,272.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,372 shares of the company’s stock after purchasing an additional 5,272 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Invesco KBW Bank ETF were worth $385,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Allworth Financial LP raised its stake in Invesco KBW Bank ETF by 59.4% during the second quarter. Allworth Financial LP now owns 400 shares of the company’s stock valued at $29,000 after purchasing an additional 149 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of Invesco KBW Bank ETF in the 2nd quarter valued at approximately $31,000. AE Wealth Management LLC boosted its holdings in shares of Invesco KBW Bank ETF by 214.4% in the 2nd quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock worth $33,000 after purchasing an additional 313 shares during the period. Comerica Bank increased its position in shares of Invesco KBW Bank ETF by 58.3% during the 1st quarter. Comerica Bank now owns 1,189 shares of the company’s stock valued at $75,000 after purchasing an additional 438 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in Invesco KBW Bank ETF during the 2nd quarter valued at $85,000.

Invesco KBW Bank ETF Stock Up 0.8%

Shares of KBWB opened at $79.42 on Friday. The business has a fifty day moving average of $76.92 and a 200 day moving average of $73.74. The company has a market cap of $5.88 billion, a PE ratio of 13.35 and a beta of 1.11. Invesco KBW Bank ETF has a 52-week low of $51.13 and a 52-week high of $80.08.

Invesco KBW Bank ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were issued a dividend of $0.4515 per share. This represents a $1.81 annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, September 22nd. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.41.

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.