Janney Montgomery Scott LLC Raises Holdings in Invesco KBW Bank ETF (NASDAQ:KBWB)

Janney Montgomery Scott LLC lifted its stake in Invesco KBW Bank ETF (NASDAQ:KBWBFree Report) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,168 shares of the company’s stock after buying an additional 379 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Invesco KBW Bank ETF were worth $500,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Varma Mutual Pension Insurance Co raised its holdings in Invesco KBW Bank ETF by 599.0% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 5,800,272 shares of the company’s stock worth $232,417,000 after purchasing an additional 4,970,485 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Invesco KBW Bank ETF by 302.2% during the fourth quarter. BNP Paribas Financial Markets now owns 577,136 shares of the company’s stock valued at $28,389,000 after acquiring an additional 433,633 shares during the last quarter. Wharton Business Group LLC raised its holdings in shares of Invesco KBW Bank ETF by 34.3% during the fourth quarter. Wharton Business Group LLC now owns 1,648,222 shares of the company’s stock valued at $81,076,000 after acquiring an additional 421,148 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Invesco KBW Bank ETF by 32.8% during the fourth quarter. Fisher Asset Management LLC now owns 1,594,246 shares of the company’s stock valued at $78,421,000 after acquiring an additional 393,990 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Invesco KBW Bank ETF by 1,762.6% during the third quarter. Barclays PLC now owns 383,339 shares of the company’s stock valued at $15,360,000 after acquiring an additional 362,758 shares during the last quarter.

Invesco KBW Bank ETF Price Performance

Shares of Invesco KBW Bank ETF stock opened at $52.85 on Wednesday. The business has a 50 day simple moving average of $52.94 and a two-hundred day simple moving average of $49.98. Invesco KBW Bank ETF has a 12 month low of $36.51 and a 12 month high of $55.44. The stock has a market capitalization of $1.56 billion, a P/E ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.4265 per share. The ex-dividend date was Monday, March 18th. This represents a $1.71 dividend on an annualized basis and a dividend yield of 3.23%.

Invesco KBW Bank ETF 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.

See Also

Institutional Ownership by Quarter for Invesco KBW Bank ETF (NASDAQ:KBWB)

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