Invesco KBW Bank ETF $KBWB Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 77.4% during the third quarter, Holdings Channel.com reports. The firm owned 6,215,823 shares of the company’s stock after purchasing an additional 2,712,112 shares during the quarter. JPMorgan Chase & Co. owned 0.08% of Invesco KBW Bank ETF worth $486,140,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Allworth Financial LP raised its holdings in shares of Invesco KBW Bank ETF by 59.4% in 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 in the last quarter. City Center Advisors LLC increased its holdings in Invesco KBW Bank ETF by 2.7% in the third quarter. City Center Advisors LLC now owns 7,990 shares of the company’s stock valued at $625,000 after buying an additional 213 shares during the last quarter. Leuthold Group LLC raised its stake in Invesco KBW Bank ETF by 2.8% in the second quarter. Leuthold Group LLC now owns 9,210 shares of the company’s stock valued at $660,000 after buying an additional 247 shares in the last quarter. Investment Management Corp VA ADV lifted its holdings in Invesco KBW Bank ETF by 2.0% during the 3rd quarter. Investment Management Corp VA ADV now owns 13,183 shares of the company’s stock worth $1,031,000 after buying an additional 256 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in shares of Invesco KBW Bank ETF by 5.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 5,280 shares of the company’s stock worth $413,000 after acquiring an additional 283 shares in the last quarter.

Invesco KBW Bank ETF Stock Performance

Shares of NASDAQ KBWB opened at $87.29 on Thursday. Invesco KBW Bank ETF has a fifty-two week low of $51.13 and a fifty-two week high of $91.43. The firm has a market capitalization of $6.18 billion, a PE ratio of 13.35 and a beta of 1.11. The stock’s 50-day simple moving average is $86.35 and its 200-day simple moving average is $80.22.

Invesco KBW Bank ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.4442 dividend. This represents a $1.78 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Invesco KBW Bank ETF Company 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.