Invesco KBW Bank ETF (NASDAQ:KBWB) Stake Lifted by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 42.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 37,213 shares of the company’s stock after acquiring an additional 11,055 shares during the period. Quantinno Capital Management LP’s holdings in Invesco KBW Bank ETF were worth $2,432,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Simplex Trading LLC lifted its holdings in shares of Invesco KBW Bank ETF by 15,427.8% in the fourth quarter. Simplex Trading LLC now owns 5,590 shares of the company’s stock valued at $365,000 after buying an additional 5,554 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Invesco KBW Bank ETF by 534.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 89,442 shares of the company’s stock worth $5,845,000 after acquiring an additional 75,335 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of Invesco KBW Bank ETF in the 4th quarter worth $458,000. Alliancebernstein L.P. purchased a new stake in shares of Invesco KBW Bank ETF during the fourth quarter valued at $218,000. Finally, Raymond James Financial Inc. purchased a new stake in Invesco KBW Bank ETF during the fourth quarter valued at about $7,409,000.

Invesco KBW Bank ETF Price Performance

NASDAQ:KBWB opened at $66.70 on Wednesday. The stock has a market cap of $3.87 billion, a PE ratio of 12.26 and a beta of 1.19. The stock’s 50-day moving average is $60.94 and its two-hundred day moving average is $65.64. Invesco KBW Bank ETF has a fifty-two week low of $51.13 and a fifty-two week high of $72.39.

Invesco KBW Bank ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.4118 dividend. This is an increase from Invesco KBW Bank ETF’s previous dividend of $0.36. The ex-dividend date of this dividend was Monday, March 24th.

Invesco KBW Bank ETF 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.