Invesco KBW Bank ETF $KBWB Stock: RFG Holdings Inc. Raises Position

RFG Holdings Inc. grew its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 7.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 193,222 shares of the company’s stock after purchasing an additional 14,007 shares during the period. Invesco KBW Bank ETF makes up about 2.8% of RFG Holdings Inc.’s portfolio, making the stock its 10th biggest position. RFG Holdings Inc. owned about 0.26% of Invesco KBW Bank ETF worth $15,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of KBWB. Integrity Alliance LLC. purchased a new position in shares of Invesco KBW Bank ETF in the 3rd quarter worth approximately $2,265,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Invesco KBW Bank ETF during the 3rd quarter valued at $611,000. Choreo LLC raised its holdings in Invesco KBW Bank ETF by 9.8% during the 3rd quarter. Choreo LLC now owns 3,014 shares of the company’s stock valued at $263,000 after buying an additional 268 shares during the period. Lynx Investment Advisory raised its holdings in Invesco KBW Bank ETF by 7.8% during the 3rd quarter. Lynx Investment Advisory now owns 2,484 shares of the company’s stock valued at $217,000 after buying an additional 179 shares during the period. Finally, Latitude Advisors LLC bought a new stake in Invesco KBW Bank ETF in the third quarter worth $166,000.

Invesco KBW Bank ETF Stock Down 0.5%

NASDAQ KBWB opened at $89.11 on Wednesday. The company has a fifty day moving average of $90.77 and a two-hundred day moving average of $88.93. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 12.89 and a beta of 1.06. Invesco KBW Bank ETF has a 52 week low of $74.33 and a 52 week high of $100.61.

Invesco KBW Bank ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were paid a $0.4601 dividend. This is a decrease from Invesco KBW Bank ETF’s previous quarterly dividend of $0.4729. This represents a $1.84 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, September 21st.

About Invesco KBW Bank ETF

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.