8,762 Shares in Invesco KBW Bank ETF $KBWB Bought by Cibc World Market Inc.

Cibc World Market Inc. purchased a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,762 shares of the company’s stock, valued at approximately $685,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Astoria Portfolio Advisors LLC. lifted its stake in Invesco KBW Bank ETF by 622.6% during the third quarter. Astoria Portfolio Advisors LLC. now owns 38,669 shares of the company’s stock worth $2,943,000 after purchasing an additional 33,318 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of Invesco KBW Bank ETF during the second quarter worth $538,000. Envestnet Asset Management Inc. lifted its position in shares of Invesco KBW Bank ETF by 64.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 240,411 shares of the company’s stock worth $17,218,000 after buying an additional 93,891 shares during the last quarter. Permanent Capital Management LP bought a new position in shares of Invesco KBW Bank ETF in the 3rd quarter worth about $700,000. Finally, Helix Partners Management LP acquired a new position in shares of Invesco KBW Bank ETF in the 2nd quarter valued at about $2,507,000.

Invesco KBW Bank ETF Stock Up 0.7%

Shares of NASDAQ:KBWB opened at $86.19 on Wednesday. The company has a market cap of $6.10 billion, a PE ratio of 13.35 and a beta of 1.11. Invesco KBW Bank ETF has a fifty-two week low of $51.13 and a fifty-two week high of $91.43. The firm has a 50-day simple moving average of $86.29 and a 200 day simple moving average of $80.17.

Invesco KBW Bank ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $0.4442 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, December 22nd.

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.