Invesco KBW Bank ETF (NASDAQ:KBWB) Shares Bought by Gemmer Asset Management LLC

Gemmer Asset Management LLC raised its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 45.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,653 shares of the company’s stock after buying an additional 7,972 shares during the quarter. Gemmer Asset Management LLC’s holdings in Invesco KBW Bank ETF were worth $1,610,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Simplex Trading LLC lifted its position in shares of Invesco KBW Bank ETF by 15,427.8% during the fourth quarter. Simplex Trading LLC now owns 5,590 shares of the company’s stock worth $365,000 after purchasing an additional 5,554 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Invesco KBW Bank ETF by 534.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 89,442 shares of the company’s stock worth $5,845,000 after purchasing an additional 75,335 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Invesco KBW Bank ETF during the fourth quarter worth about $597,000. Private Advisor Group LLC acquired a new stake in shares of Invesco KBW Bank ETF during the fourth quarter worth about $458,000. Finally, Alliancebernstein L.P. acquired a new stake in shares of Invesco KBW Bank ETF during the fourth quarter worth about $218,000.

Invesco KBW Bank ETF Stock Performance

Shares of KBWB opened at $67.32 on Friday. The stock has a market capitalization of $3.91 billion, a PE ratio of 12.26 and a beta of 1.19. Invesco KBW Bank ETF has a 1 year low of $51.13 and a 1 year high of $72.39. The company’s 50-day simple moving average is $61.47 and its 200-day simple moving average is $65.48.

Invesco KBW Bank ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.4118 per share. The ex-dividend date was Monday, March 24th. This is a boost from Invesco KBW Bank ETF’s previous dividend of $0.36.

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.