Janney Montgomery Scott LLC Acquires 289 Shares of Invesco KBW Bank ETF $KBWB

Janney Montgomery Scott LLC boosted its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,086 shares of the company’s stock after acquiring an additional 289 shares during the period. Janney Montgomery Scott LLC’s holdings in Invesco KBW Bank ETF were worth $1,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Invesco KBW Bank ETF in the 1st quarter valued at about $27,000. Fifth Third Bancorp acquired a new stake in Invesco KBW Bank ETF in the 2nd quarter worth approximately $31,000. Private Trust Co. NA boosted its stake 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 purchasing an additional 260 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in Invesco KBW Bank ETF in the 1st quarter worth approximately $60,000. Finally, Comerica Bank boosted its stake in Invesco KBW Bank ETF by 58.3% in the 1st quarter. Comerica Bank now owns 1,189 shares of the company’s stock worth $75,000 after purchasing an additional 438 shares in the last quarter.

Invesco KBW Bank ETF Stock Up 1.9%

KBWB stock opened at $74.97 on Tuesday. The firm has a 50 day moving average of $76.39 and a 200 day moving average of $69.63. The stock has a market capitalization of $5.50 billion, a PE ratio of 13.35 and a beta of 1.19. Invesco KBW Bank ETF has a 52 week low of $51.13 and a 52 week high of $80.04.

Invesco KBW Bank ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given a dividend of $0.4515 per share. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.41. This represents a $1.81 dividend on an annualized basis and a yield of 2.4%. 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.