Invesco KBW Bank ETF $KBWB Stock Acquired by Crown Wealth Group LLC

Crown Wealth Group LLC raised its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 1,244.3% in the 3rd quarter, Holdings Channel reports. The firm owned 37,909 shares of the company’s stock after acquiring an additional 35,089 shares during the period. Invesco KBW Bank ETF accounts for approximately 0.8% of Crown Wealth Group LLC’s holdings, making the stock its 22nd largest position. Crown Wealth Group LLC’s holdings in Invesco KBW Bank ETF were worth $3,307,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP boosted its holdings in shares of Invesco KBW Bank ETF by 25.0% in the 2nd quarter. Allworth Financial LP now owns 665 shares of the company’s stock valued at $62,000 after purchasing an additional 133 shares in the last quarter. City Center Advisors LLC increased its stake in shares of Invesco KBW Bank ETF by 2.3% in the 2nd quarter. City Center Advisors LLC now owns 8,567 shares of the company’s stock valued at $797,000 after purchasing an additional 189 shares during the last quarter. Robertson Stephens Wealth Management LLC raised its holdings in shares of Invesco KBW Bank ETF by 1.6% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 13,301 shares of the company’s stock worth $1,160,000 after buying an additional 212 shares in the last quarter. North Star Investment Management Corp. acquired a new position in shares of Invesco KBW Bank ETF during the 1st quarter worth $29,000. Finally, Waverly Advisors LLC raised its holdings in shares of Invesco KBW Bank ETF by 15.8% during the 1st quarter. Waverly Advisors LLC now owns 3,491 shares of the company’s stock worth $276,000 after buying an additional 477 shares in the last quarter.

Invesco KBW Bank ETF Price Performance

Shares of KBWB stock traded down $0.93 on Monday, hitting $85.85. 3,127,155 shares of the company’s stock were exchanged, compared to its average volume of 2,045,747. Invesco KBW Bank ETF has a 12 month low of $74.33 and a 12 month high of $100.61. The stock has a market cap of $6.07 billion, a P/E ratio of 13.35 and a beta of 1.05. The company has a 50 day moving average of $93.03 and a 200 day moving average of $91.13.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a $0.4601 dividend. This is a drop from Invesco KBW Bank ETF’s previous quarterly dividend of $0.4729. This represents a $1.84 dividend on an annualized basis and a yield of 2.1%. 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.