Vermillion & White Wealth Management Group LLC Takes $3.91 Million Position in Invesco KBW Bank ETF $KBWB

Vermillion & White Wealth Management Group LLC purchased a new position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 50,024 shares of the company’s stock, valued at approximately $3,912,000. Invesco KBW Bank ETF makes up 2.2% of Vermillion & White Wealth Management Group LLC’s portfolio, making the stock its 10th biggest holding. Vermillion & White Wealth Management Group LLC owned about 0.07% of Invesco KBW Bank ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allworth Financial LP increased its position in shares of Invesco KBW Bank ETF by 59.4% during the second quarter. Allworth Financial LP now owns 400 shares of the company’s stock worth $29,000 after purchasing an additional 149 shares in the last quarter. UMB Bank n.a. acquired a new position in Invesco KBW Bank ETF during the third quarter worth approximately $31,000. AE Wealth Management LLC lifted its stake in Invesco KBW Bank ETF by 214.4% in the second quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock valued at $33,000 after buying an additional 313 shares during the last quarter. Comerica Bank lifted its stake in Invesco KBW Bank ETF by 58.3% in the first quarter. Comerica Bank now owns 1,189 shares of the company’s stock valued at $75,000 after buying an additional 438 shares during the last quarter. Finally, BTG Pactual Asset Management US LLC acquired a new stake in shares of Invesco KBW Bank ETF in the second quarter valued at approximately $82,000.

Invesco KBW Bank ETF Price Performance

Shares of Invesco KBW Bank ETF stock opened at $77.03 on Wednesday. The firm’s fifty day simple moving average is $84.66 and its 200-day simple moving average is $81.15. Invesco KBW Bank ETF has a 12 month low of $51.13 and a 12 month high of $91.43. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a dividend of $0.4442 per share. The ex-dividend date was Monday, December 22nd. This represents a $1.78 annualized dividend and a dividend yield of 2.3%.

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.