8,949 Shares in Invesco KBW Bank ETF $KBWB Acquired by Permanent Capital Management LP

Permanent Capital Management LP bought a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,949 shares of the company’s stock, valued at approximately $700,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. RFG Holdings Inc. grew its stake in shares of Invesco KBW Bank ETF by 1.3% in the third quarter. RFG Holdings Inc. now owns 199,852 shares of the company’s stock worth $15,630,000 after purchasing an additional 2,474 shares in the last quarter. Founders Financial Securities LLC lifted its holdings in Invesco KBW Bank ETF by 1.1% in the third quarter. Founders Financial Securities LLC now owns 30,915 shares of the company’s stock worth $2,418,000 after purchasing an additional 329 shares during the period. Juncture Wealth Strategies LLC lifted its holdings in Invesco KBW Bank ETF by 5.5% in the third quarter. Juncture Wealth Strategies LLC now owns 30,138 shares of the company’s stock worth $2,357,000 after purchasing an additional 1,566 shares during the period. AdvisorNet Financial Inc grew its position in Invesco KBW Bank ETF by 12.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 15,035 shares of the company’s stock valued at $1,176,000 after buying an additional 1,696 shares in the last quarter. Finally, Astoria Portfolio Advisors LLC. increased its stake in Invesco KBW Bank ETF by 622.6% during the 3rd quarter. Astoria Portfolio Advisors LLC. now owns 38,669 shares of the company’s stock valued at $2,943,000 after buying an additional 33,318 shares during the period.

Invesco KBW Bank ETF Trading Down 0.0%

KBWB stock opened at $86.37 on Monday. The firm’s 50-day moving average is $79.70 and its two-hundred day moving average is $76.32. The company has a market capitalization of $6.39 billion, a price-to-earnings 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 $86.75.

Invesco KBW Bank ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a dividend of $0.4442 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.78 annualized dividend and a yield of 2.1%.

Invesco KBW Bank ETF Company 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.