Envestnet Asset Management Inc. Has $5.85 Million Stake in Invesco KBW Bank ETF (NASDAQ:KBWB)

Envestnet Asset Management Inc. grew its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 534.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 89,442 shares of the company’s stock after buying an additional 75,335 shares during the period. Envestnet Asset Management Inc. owned approximately 0.19% of Invesco KBW Bank ETF worth $5,845,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Robertson Stephens Wealth Management LLC lifted its position in shares of Invesco KBW Bank ETF by 1.7% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 10,504 shares of the company’s stock worth $686,000 after acquiring an additional 173 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in Invesco KBW Bank ETF by 6.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,385 shares of the company’s stock worth $287,000 after buying an additional 264 shares in the last quarter. Addison Advisors LLC increased its holdings in Invesco KBW Bank ETF by 1.7% in the 4th quarter. Addison Advisors LLC now owns 28,679 shares of the company’s stock valued at $1,874,000 after buying an additional 485 shares during the period. FMR LLC raised its stake in shares of Invesco KBW Bank ETF by 32.3% in the 3rd quarter. FMR LLC now owns 2,108 shares of the company’s stock valued at $124,000 after buying an additional 515 shares in the last quarter. Finally, Synergy Asset Management LLC bought a new position in shares of Invesco KBW Bank ETF during the 4th quarter worth about $40,000.

Invesco KBW Bank ETF Stock Down 1.6 %

NASDAQ KBWB opened at $55.86 on Tuesday. The stock has a market cap of $3.20 billion, a P/E ratio of 11.19 and a beta of 1.19. Invesco KBW Bank ETF has a twelve month low of $51.13 and a twelve month high of $72.39. The company’s 50-day simple moving average is $62.62 and its 200 day simple moving average is $65.48.

Invesco KBW Bank ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Investors 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 an increase 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.