68,215 Shares in Invesco KBW Bank ETF $KBWB Purchased by Crown Wealth Group LLC

Crown Wealth Group LLC purchased a new position in Invesco KBW Bank ETF (NASDAQ:KBWB) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 68,215 shares of the company’s stock, valued at approximately $5,750,000. Invesco KBW Bank ETF makes up about 1.6% of Crown Wealth Group LLC’s portfolio, making the stock its 16th biggest holding. Crown Wealth Group LLC owned approximately 0.10% of Invesco KBW Bank ETF as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. acquired a new position in shares of Invesco KBW Bank ETF in the third quarter worth about $31,000. CIBC Private Wealth Group LLC acquired a new position in shares of Invesco KBW Bank ETF in the third quarter worth about $86,000. BTG Pactual Asset Management US LLC acquired a new position in shares of Invesco KBW Bank ETF in the second quarter worth about $82,000. Comerica Bank lifted its stake in shares of Invesco KBW Bank ETF by 58.3% in the first quarter. Comerica Bank now owns 1,189 shares of the company’s stock worth $75,000 after acquiring an additional 438 shares in the last quarter. Finally, MRA Advisory Group acquired a new position in shares of Invesco KBW Bank ETF in the fourth quarter worth about $204,000.

Invesco KBW Bank ETF Stock Performance

NASDAQ:KBWB opened at $87.65 on Wednesday. Invesco KBW Bank ETF has a one year low of $56.56 and a one year high of $91.43. The business’s 50-day simple moving average is $81.97 and its 200 day simple moving average is $81.79. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 13.35 and a beta of 1.04.

Invesco KBW Bank ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.4898 dividend. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. This represents a $1.96 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Monday, March 23rd.

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.