Invesco KBW Bank ETF (NASDAQ:KBWB) Holdings Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 63.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 146,520 shares of the company’s stock after purchasing an additional 57,078 shares during the period. Envestnet Asset Management Inc. owned approximately 0.25% of Invesco KBW Bank ETF worth $9,197,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA lifted its position in Invesco KBW Bank ETF by 61.2% in the 1st quarter. Private Trust Co. NA now owns 685 shares of the company’s stock worth $43,000 after buying an additional 260 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in Invesco KBW Bank ETF by 6.5% in the 4th quarter. Integrated Wealth Concepts LLC now owns 5,283 shares of the company’s stock worth $345,000 after buying an additional 324 shares in the last quarter. Cerity Partners LLC increased its stake in shares of Invesco KBW Bank ETF by 12.5% during the 4th quarter. Cerity Partners LLC now owns 5,649 shares of the company’s stock worth $369,000 after purchasing an additional 627 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Invesco KBW Bank ETF by 13.5% during the 4th quarter. HighTower Advisors LLC now owns 5,863 shares of the company’s stock worth $383,000 after purchasing an additional 699 shares during the last quarter. Finally, Webster Bank N. A. acquired a new position in shares of Invesco KBW Bank ETF during the 1st quarter worth $54,000.

Invesco KBW Bank ETF Trading Down 0.3%

NASDAQ:KBWB opened at $73.57 on Tuesday. Invesco KBW Bank ETF has a 1 year low of $51.13 and a 1 year high of $74.86. The firm’s fifty day simple moving average is $68.99 and its 200 day simple moving average is $66.06. The firm has a market capitalization of $4.75 billion, a PE ratio of 13.35 and a beta of 1.19.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were issued a dividend of $0.4098 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Monday, June 23rd.

About Invesco KBW Bank ETF

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.