Vontobel Holding Ltd. Purchases New Shares in Invesco KBW Bank ETF $KBWB

Vontobel Holding Ltd. purchased a new position in Invesco KBW Bank ETF (NASDAQ:KBWB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 17,570 shares of the company’s stock, valued at approximately $1,533,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Banque Pictet & Cie SA bought a new position in Invesco KBW Bank ETF in the 3rd quarter worth $1,265,000. Annex Advisory Services LLC bought a new stake in Invesco KBW Bank ETF during the third quarter valued at about $70,800,000. AdvisorNet Financial Inc grew its holdings in Invesco KBW Bank ETF by 162.4% during the third quarter. AdvisorNet Financial Inc now owns 35,573 shares of the company’s stock valued at $3,041,000 after purchasing an additional 22,018 shares during the period. Valley Wealth Managers Inc. grew its holdings in Invesco KBW Bank ETF by 32.1% during the third quarter. Valley Wealth Managers Inc. now owns 134,591 shares of the company’s stock valued at $11,740,000 after purchasing an additional 32,687 shares during the period. Finally, Hardin Capital Partners LLC purchased a new stake in Invesco KBW Bank ETF in the third quarter worth about $241,000.

Invesco KBW Bank ETF Stock Down 1.1%

NASDAQ KBWB opened at $85.85 on Tuesday. The stock’s 50-day moving average price is $92.79 and its 200-day moving average price is $91.17. Invesco KBW Bank ETF has a 52 week low of $74.33 and a 52 week high of $100.61. The company has a market capitalization of $6.07 billion, a P/E ratio of 13.35 and a beta of 1.05.

Invesco KBW Bank ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were paid a dividend of $0.4601 per share. This is a drop from Invesco KBW Bank ETF’s previous quarterly dividend of $0.4729. The ex-dividend date was Monday, September 21st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.1%.

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.