Envestnet Asset Management Inc. Has $17.22 Million Stake in Invesco KBW Bank ETF $KBWB

Envestnet Asset Management Inc. grew its holdings in Invesco KBW Bank ETF (NASDAQ:KBWB) by 64.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 240,411 shares of the company’s stock after buying an additional 93,891 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.38% of Invesco KBW Bank ETF worth $17,218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Private Advisor Group LLC lifted its holdings in shares of Invesco KBW Bank ETF by 287.6% during the first quarter. Private Advisor Group LLC now owns 27,163 shares of the company’s stock worth $1,705,000 after buying an additional 20,155 shares in the last quarter. Private Trust Co. NA raised 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 worth $43,000 after buying an additional 260 shares in the last quarter. Astoria Portfolio Advisors LLC. acquired a new position in Invesco KBW Bank ETF during the second quarter worth about $399,000. Fifth Third Bancorp acquired a new position in Invesco KBW Bank ETF during the 2nd quarter worth approximately $31,000. Finally, Hazlett Burt & Watson Inc. increased its holdings in Invesco KBW Bank ETF by 16.9% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 26,959 shares of the company’s stock worth $1,933,000 after purchasing an additional 3,902 shares in the last quarter.

Invesco KBW Bank ETF Stock Performance

Shares of NASDAQ KBWB opened at $77.15 on Thursday. The stock has a market cap of $5.67 billion, a P/E ratio of 13.35 and a beta of 1.11. Invesco KBW Bank ETF has a 52-week low of $51.13 and a 52-week high of $80.04. The firm has a 50 day moving average price of $77.07 and a two-hundred day moving average price of $71.89.

Invesco KBW Bank ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a $0.4515 dividend. The ex-dividend date was Monday, September 22nd. This is a positive change 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 2.3%.

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.