Cetera Investment Advisers Buys 6,300 Shares of Invesco KBW Bank ETF (NASDAQ:KBWB)

Cetera Investment Advisers raised its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 4.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,781 shares of the company’s stock after purchasing an additional 6,300 shares during the period. Cetera Investment Advisers owned approximately 0.23% of Invesco KBW Bank ETF worth $8,523,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Simplex Trading LLC raised its stake in shares of Invesco KBW Bank ETF by 15,427.8% in the fourth quarter. Simplex Trading LLC now owns 5,590 shares of the company’s stock valued at $365,000 after purchasing an additional 5,554 shares in the last quarter. Alliancebernstein L.P. acquired a new position in shares of Invesco KBW Bank ETF in the 4th quarter valued at $218,000. Wells Fargo & Company MN raised its stake in shares of Invesco KBW Bank ETF by 19.7% in the 4th quarter. Wells Fargo & Company MN now owns 366,186 shares of the company’s stock valued at $23,930,000 after buying an additional 60,150 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco KBW Bank ETF by 534.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 89,442 shares of the company’s stock worth $5,845,000 after acquiring an additional 75,335 shares during the period. Finally, Cerity Partners LLC boosted its position 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 valued at $369,000 after acquiring an additional 627 shares in the last quarter.

Invesco KBW Bank ETF Stock Down 1.2%

Shares of KBWB opened at $73.52 on Friday. The company has a 50-day moving average price of $70.26 and a two-hundred day moving average price of $66.53. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 13.35 and a beta of 1.19. Invesco KBW Bank ETF has a 12 month low of $51.13 and a 12 month high of $75.35.

Invesco KBW Bank ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were paid a $0.4098 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $1.64 annualized dividend and a yield of 2.2%.

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.