Independent Financial Group LLC Acquires New Holdings in Invesco KBW Bank ETF $KBWB

Independent Financial Group LLC bought a new position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,647 shares of the company’s stock, valued at approximately $605,000.

Several other institutional investors and hedge funds have also bought and sold shares of KBWB. North Star Investment Management Corp. bought a new position in Invesco KBW Bank ETF in the 1st quarter valued at $29,000. IFP Advisors Inc bought a new position in shares of Invesco KBW Bank ETF in the fourth quarter worth $35,000. Private Wealth Management Group LLC bought a new position in shares of Invesco KBW Bank ETF in the first quarter worth $40,000. Allworth Financial LP raised its position in shares of Invesco KBW Bank ETF by 31.5% in the fourth quarter. Allworth Financial LP now owns 522 shares of the company’s stock worth $44,000 after buying an additional 125 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Invesco KBW Bank ETF by 970.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the company’s stock worth $45,000 after buying an additional 485 shares in the last quarter.

Invesco KBW Bank ETF Stock Performance

NASDAQ:KBWB opened at $97.12 on Thursday. The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of 13.35 and a beta of 1.01. Invesco KBW Bank ETF has a 52-week low of $70.68 and a 52-week high of $98.97. The stock has a fifty day moving average of $91.60 and a 200 day moving average of $86.75.

Invesco KBW Bank ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a $0.4729 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.89 annualized dividend and a dividend yield of 1.9%.

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.