Hazlett Burt & Watson Inc. Has $1.93 Million Position in Invesco KBW Bank ETF $KBWB

Hazlett Burt & Watson Inc. grew its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 16.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,959 shares of the company’s stock after acquiring an additional 3,902 shares during the period. Invesco KBW Bank ETF accounts for 0.8% of Hazlett Burt & Watson Inc.’s investment portfolio, making the stock its 29th biggest holding. Hazlett Burt & Watson Inc.’s holdings in Invesco KBW Bank ETF were worth $1,933,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Fifth Third Bancorp acquired a new stake in Invesco KBW Bank ETF during the second quarter valued at $31,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Invesco KBW Bank ETF during the 1st quarter worth about $27,000. Private Trust Co. NA lifted its holdings in shares of Invesco KBW Bank ETF by 61.2% during the 1st quarter. Private Trust Co. NA now owns 685 shares of the company’s stock valued at $43,000 after buying an additional 260 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in shares of Invesco KBW Bank ETF during the 1st quarter valued at about $60,000. Finally, Comerica Bank grew its stake in shares of Invesco KBW Bank ETF by 58.3% in the 1st quarter. Comerica Bank now owns 1,189 shares of the company’s stock valued at $75,000 after buying an additional 438 shares in the last quarter.

Invesco KBW Bank ETF Stock Performance

Shares of KBWB opened at $73.55 on Monday. The firm has a market cap of $5.39 billion, a PE ratio of 13.35 and a beta of 1.19. The firm’s 50 day moving average price is $76.35 and its 200 day moving average price is $69.54. Invesco KBW Bank ETF has a twelve month low of $51.13 and a twelve month high of $80.04.

Invesco KBW Bank ETF Increases Dividend

The firm also recently disclosed 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 2.5%. The ex-dividend date of this dividend was Monday, September 22nd. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.41.

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.