Invesco KBW Bank ETF $KBWB Shares Newly Bought by Csenge Advisory Group

Csenge Advisory Group purchased a new position in Invesco KBW Bank ETF (NASDAQ:KBWB) during the third quarter, Holdings Channel.com reports. The firm purchased 53,131 shares of the company’s stock, valued at approximately $4,635,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Annex Advisory Services LLC bought a new position in shares of Invesco KBW Bank ETF in the third quarter valued at approximately $70,800,000. Envestnet Asset Management Inc. lifted its stake in shares of 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 during the last quarter. RFG Holdings Inc. lifted its stake in shares of 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 during the last quarter. Ayalon Insurance Comp Ltd. boosted its holdings in shares of Invesco KBW Bank ETF by 596.4% during the 3rd 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 during the period. Finally, Valley Wealth Managers Inc. boosted its holdings in shares of Invesco KBW Bank ETF by 32.1% during the 3rd 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 Trading Down 0.1%

NASDAQ:KBWB opened at $89.66 on Wednesday. Invesco KBW Bank ETF has a 1 year low of $74.33 and a 1 year high of $100.61. The firm’s fifty day simple moving average is $90.08 and its 200 day simple moving average is $89.01. The firm has a market capitalization of $6.64 billion, a PE ratio of 12.89 and a beta of 1.05.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given 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 decrease from Invesco KBW Bank ETF’s previous quarterly dividend of $0.4729.

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.