Invesco KBW Bank ETF $KBWB Stock Bought by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. grew its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 32.1% in the third quarter, Holdings Channel reports. The institutional investor owned 134,591 shares of the company’s stock after buying an additional 32,687 shares during the period. Valley Wealth Managers Inc.’s holdings in Invesco KBW Bank ETF were worth $11,740,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank OZK acquired a new stake in shares of Invesco KBW Bank ETF in the 2nd quarter valued at approximately $658,000. Polymer Capital Management HK LTD purchased a new stake in shares of Invesco KBW Bank ETF in the fourth quarter valued at approximately $12,896,000. Envestnet Portfolio Solutions Inc. grew its holdings in Invesco KBW Bank ETF by 663.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 44,865 shares of the company’s stock worth $4,172,000 after acquiring an additional 38,985 shares during the period. Temasek Holdings Private Ltd grew its holdings in Invesco KBW Bank ETF by 86.1% during the fourth quarter. Temasek Holdings Private Ltd now owns 1,989,001 shares of the company’s stock worth $167,653,000 after acquiring an additional 920,001 shares during the period. Finally, Fifth Third Bancorp raised its position in Invesco KBW Bank ETF by 2,434.2% in the first quarter. Fifth Third Bancorp now owns 9,554 shares of the company’s stock worth $756,000 after acquiring an additional 9,177 shares in the last quarter.

Invesco KBW Bank ETF Stock Performance

Invesco KBW Bank ETF stock opened at $87.60 on Friday. The company has a market cap of $6.21 billion, a P/E ratio of 13.35 and a beta of 1.05. Invesco KBW Bank ETF has a one year low of $73.32 and a one year high of $100.61. The business has a fifty day moving average of $94.14 and a two-hundred day moving average of $90.72.

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 $0.4601 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.1%. This is a negative change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.4729. The ex-dividend date was Monday, September 21st.

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.