40,000 Shares of Invesco KBW Bank ETF $KBWB Bought by CVS HEALTH Corp

CVS HEALTH Corp purchased a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 40,000 shares of the company’s stock, valued at approximately $3,489,000. Invesco KBW Bank ETF accounts for about 0.8% of CVS HEALTH Corp’s holdings, making the stock its 24th largest position. CVS HEALTH Corp owned 0.05% of Invesco KBW Bank ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in KBWB. Blume Capital Management Inc. bought a new stake in Invesco KBW Bank ETF in the third quarter valued at approximately $35,000. Allworth Financial LP raised its holdings in Invesco KBW Bank ETF by 25.0% during the 2nd quarter. Allworth Financial LP now owns 665 shares of the company’s stock worth $62,000 after purchasing an additional 133 shares during the last quarter. Jacobi Capital Management LLC bought a new position in Invesco KBW Bank ETF during the 3rd quarter worth approximately $93,000. FNY Investment Advisers LLC bought a new position in Invesco KBW Bank ETF during the 2nd quarter worth approximately $104,000. Finally, Trust Co. of Vermont bought a new position in Invesco KBW Bank ETF during the 2nd quarter worth approximately $129,000.

Invesco KBW Bank ETF Stock Performance

Shares of NASDAQ KBWB opened at $90.15 on Thursday. The company has a market capitalization of $6.68 billion, a P/E ratio of 12.89 and a beta of 1.05. Invesco KBW Bank ETF has a 52-week low of $74.33 and a 52-week high of $100.61. The company’s 50 day moving average price is $89.99 and its 200-day moving average price is $89.04.

Invesco KBW Bank ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were paid a dividend of $0.4601 per share. 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 2.0%. 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.