PGIM Custom Harvest LLC Purchases 7,000 Shares of Invesco KBW Bank ETF $KBWB

PGIM Custom Harvest LLC lifted its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 16.6% in the second quarter, HoldingsChannel.com reports. The firm owned 49,132 shares of the company’s stock after purchasing an additional 7,000 shares during the quarter. PGIM Custom Harvest LLC’s holdings in Invesco KBW Bank ETF were worth $3,519,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. US Bancorp DE raised its holdings in Invesco KBW Bank ETF by 7,250.0% during the first quarter. US Bancorp DE now owns 2,352 shares of the company’s stock valued at $148,000 after acquiring an additional 2,320 shares during the period. Headlands Technologies LLC purchased a new position in Invesco KBW Bank ETF in the 1st quarter worth approximately $138,000. Simplex Trading LLC boosted its stake in Invesco KBW Bank ETF by 326.4% in the 1st quarter. Simplex Trading LLC now owns 23,837 shares of the company’s stock worth $1,496,000 after purchasing an additional 18,247 shares during the period. Tranquilli Financial Advisor LLC lifted its holdings in shares of Invesco KBW Bank ETF by 9.4% in the first quarter. Tranquilli Financial Advisor LLC now owns 4,725 shares of the company’s stock worth $297,000 after buying an additional 405 shares in the last quarter. Finally, Delos Wealth Advisors LLC boosted its position in shares of Invesco KBW Bank ETF by 0.5% during the first quarter. Delos Wealth Advisors LLC now owns 34,023 shares of the company’s stock worth $2,136,000 after acquiring an additional 181 shares during the last quarter.

Invesco KBW Bank ETF Stock Performance

KBWB opened at $81.98 on Friday. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11. The company has a fifty day moving average of $77.13 and a 200 day moving average of $74.21. Invesco KBW Bank ETF has a fifty-two week low of $51.13 and a fifty-two week high of $82.51.

Invesco KBW Bank ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were given a dividend of $0.4515 per share. The ex-dividend date was Monday, September 22nd. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.41. This represents a $1.81 dividend on an annualized basis and a dividend yield of 2.2%.

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.