Eastern Bank Purchases Shares of 16,468 Invesco KBW Bank ETF $KBWB

Eastern Bank purchased a new stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 16,468 shares of the company’s stock, valued at approximately $1,388,000.

A number of other hedge funds also recently modified their holdings of the business. Astoria Portfolio Advisors LLC. lifted its stake in shares of Invesco KBW Bank ETF by 622.6% in the third quarter. Astoria Portfolio Advisors LLC. now owns 38,669 shares of the company’s stock worth $2,943,000 after acquiring an additional 33,318 shares during the period. Franklin Resources Inc. acquired a new stake in Invesco KBW Bank ETF during the 2nd quarter valued at approximately $538,000. Fort Sheridan Advisors LLC acquired a new stake in Invesco KBW Bank ETF during the 3rd quarter valued at approximately $564,000. Permanent Capital Management LP bought a new position in Invesco KBW Bank ETF during the 3rd quarter worth approximately $700,000. Finally, Helix Partners Management LP bought a new position in Invesco KBW Bank ETF during the 2nd quarter worth approximately $2,507,000.

Invesco KBW Bank ETF Stock Performance

Shares of NASDAQ KBWB opened at $76.21 on Monday. The company’s 50 day moving average price is $83.20 and its 200-day moving average price is $81.18. Invesco KBW Bank ETF has a 52-week low of $51.13 and a 52-week high of $91.43. The company has a market capitalization of $5.40 billion, a P/E ratio of 13.35 and a beta of 1.11.

Invesco KBW Bank ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.4898 dividend. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. This represents a $1.96 annualized dividend and a yield of 2.6%.

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.