Quantitative Investment Management LLC Buys Shares of 59,842 Invesco KBW Bank ETF $KBWB

Quantitative Investment Management LLC bought a new position in Invesco KBW Bank ETF (NASDAQ:KBWB) in the second quarter, Holdings Channel.com reports. The institutional investor bought 59,842 shares of the company’s stock, valued at approximately $5,564,000.

Several other hedge funds have also modified their holdings of the company. North Star Investment Management Corp. purchased a new position in shares of Invesco KBW Bank ETF in the 1st quarter worth approximately $29,000. IFP Advisors Inc purchased a new stake in Invesco KBW Bank ETF during the fourth quarter valued at approximately $35,000. Private Wealth Management Group LLC purchased a new stake in Invesco KBW Bank ETF during the first quarter valued at approximately $40,000. Allworth Financial LP lifted its position in Invesco KBW Bank ETF by 31.5% during the fourth quarter. Allworth Financial LP now owns 522 shares of the company’s stock valued at $44,000 after acquiring an additional 125 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Invesco KBW Bank ETF by 970.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the company’s stock valued at $45,000 after acquiring an additional 485 shares in the last quarter.

Invesco KBW Bank ETF Stock Performance

NASDAQ KBWB opened at $96.28 on Monday. The firm’s fifty day simple moving average is $96.34 and its two-hundred day simple moving average is $88.70. Invesco KBW Bank ETF has a 12-month low of $73.32 and a 12-month high of $100.61. The firm has a market capitalization of $6.78 billion, a P/E ratio of 13.35 and a beta of 1.02.

Invesco KBW Bank ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.4729 per share. This represents a $1.89 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, June 22nd.

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.