Fifth Third Bancorp Makes New $31,000 Investment in Invesco KBW Bank ETF $KBWB

Fifth Third Bancorp acquired a new position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 431 shares of the company’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pinnacle Wealth Management Group Inc. acquired a new position in shares of Invesco KBW Bank ETF in the first quarter worth about $2,073,000. Magnus Financial Group LLC lifted its stake in shares of Invesco KBW Bank ETF by 18.2% in the first quarter. Magnus Financial Group LLC now owns 17,778 shares of the company’s stock worth $1,116,000 after acquiring an additional 2,737 shares in the last quarter. Permanent Capital Management LP acquired a new position in shares of Invesco KBW Bank ETF in the first quarter worth about $612,000. Gemmer Asset Management LLC lifted its stake in shares of Invesco KBW Bank ETF by 45.1% in the first quarter. Gemmer Asset Management LLC now owns 25,653 shares of the company’s stock worth $1,610,000 after acquiring an additional 7,972 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its stake in shares of Invesco KBW Bank ETF by 2,112.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 78,423 shares of the company’s stock worth $4,923,000 after acquiring an additional 74,878 shares in the last quarter.

Invesco KBW Bank ETF Stock Performance

NASDAQ:KBWB opened at $77.40 on Friday. Invesco KBW Bank ETF has a one year low of $51.13 and a one year high of $80.04. The business’s 50-day simple moving average is $76.12 and its 200 day simple moving average is $69.05. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 13.35 and a beta of 1.19.

Invesco KBW Bank ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a $0.4515 dividend. This represents a $1.81 annualized dividend and a dividend yield of 2.3%. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, September 22nd.

Invesco KBW Bank ETF 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.