Fisher Asset Management LLC Makes New $379.03 Million Investment in Invesco KBW Bank ETF $KBWB

Fisher Asset Management LLC acquired a new position in Invesco KBW Bank ETF (NASDAQ:KBWB) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 4,345,132 shares of the company’s stock, valued at approximately $379,026,000. Fisher Asset Management LLC owned 0.06% of Invesco KBW Bank ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Annex Advisory Services LLC bought a new position in Invesco KBW Bank ETF in the 3rd quarter worth $70,800,000. Envestnet Asset Management Inc. increased its position in Invesco KBW Bank ETF by 92.4% in the second quarter. Envestnet Asset Management Inc. now owns 194,141 shares of the company’s stock worth $18,051,000 after buying an additional 93,236 shares in the last quarter. RFG Holdings Inc. increased its position in Invesco KBW Bank ETF by 7.8% in the third quarter. RFG Holdings Inc. now owns 193,222 shares of the company’s stock worth $15,984,000 after buying an additional 14,007 shares in the last quarter. Ayalon Insurance Comp Ltd. increased its position in Invesco KBW Bank ETF by 596.4% in the third quarter. Ayalon Insurance Comp Ltd. now owns 172,700 shares of the company’s stock worth $15,065,000 after buying an additional 147,900 shares in the last quarter. Finally, Valley Wealth Managers Inc. raised its stake in shares of Invesco KBW Bank ETF by 32.1% in the third quarter. Valley Wealth Managers Inc. now owns 134,591 shares of the company’s stock worth $11,740,000 after buying an additional 32,687 shares during the period.

Invesco KBW Bank ETF Stock Down 0.6%

NASDAQ KBWB opened at $89.64 on Friday. Invesco KBW Bank ETF has a 52 week low of $74.33 and a 52 week high of $100.61. The company has a market capitalization of $6.64 billion, a P/E ratio of 12.89 and a beta of 1.05. The stock’s 50-day moving average price is $89.86 and its 200-day moving average price is $89.06.

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

Invesco KBW Bank ETF Company 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.