Commonwealth Equity Services LLC Purchases 26,021 Shares of Invesco KBW Bank ETF $KBWB

by · The Markets Daily

Commonwealth Equity Services LLC raised its position in Invesco KBW Bank ETF (NASDAQ:KBWB – Free Report) by 125.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,822 shares of the company’s stock after purchasing an additional 26,021 shares during the period. Commonwealth Equity Services LLC owned 0.07% of Invesco KBW Bank ETF worth $3,947,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. IFP Advisors Inc bought a new position in Invesco KBW Bank ETF in the 4th quarter valued at $35,000. Allworth Financial LP boosted its holdings in Invesco KBW Bank ETF by 31.5% in the 4th quarter. Allworth Financial LP now owns 522 shares of the company’s stock valued at $44,000 after purchasing an additional 125 shares during the period. High Point Wealth Management LLC bought a new position in Invesco KBW Bank ETF in the 4th quarter valued at $57,000. Comerica Bank boosted its holdings in Invesco KBW Bank ETF by 58.3% in the 1st quarter. Comerica Bank now owns 1,189 shares of the company’s stock valued at $75,000 after purchasing an additional 438 shares during the period. Finally, BTG Pactual Asset Management US LLC bought a new position in Invesco KBW Bank ETF in the 2nd quarter valued at $82,000.

Invesco KBW Bank ETF Price Performance

Shares of NASDAQ:KBWB opened at $89.44 on Tuesday. The firm has a fifty day moving average price of $85.15 and a two-hundred day moving average price of $84.03. Invesco KBW Bank ETF has a one year low of $65.40 and a one year high of $91.43. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 13.35 and a beta of 1.02.

Invesco KBW Bank ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.4898 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44.

Invesco KBW Bank ETF Company Profile

(Free Report)

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.

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