Invesco KBW Bank ETF (NASDAQ:KBWB) Shares Purchased by BNP Paribas Arbitrage SNC

BNP Paribas Arbitrage SNC raised its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 53.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 155,099 shares of the company’s stock after acquiring an additional 54,239 shares during the period. BNP Paribas Arbitrage SNC owned approximately 0.35% of Invesco KBW Bank ETF worth $6,367,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in KBWB. JPMorgan Chase & Co. lifted its position in Invesco KBW Bank ETF by 101.2% in the first quarter. JPMorgan Chase & Co. now owns 40,812 shares of the company’s stock valued at $1,713,000 after purchasing an additional 3,573,636 shares during the period. Menora Mivtachim Holdings LTD. acquired a new stake in shares of Invesco KBW Bank ETF during the 2nd quarter valued at approximately $81,477,000. Sculptor Capital LP acquired a new position in shares of Invesco KBW Bank ETF during the 1st quarter worth $71,473,000. Bank of America Corp DE raised its position in Invesco KBW Bank ETF by 156.6% during the first quarter. Bank of America Corp DE now owns 1,042,911 shares of the company’s stock worth $43,771,000 after acquiring an additional 636,478 shares during the last quarter. Finally, Morningstar Investment Management LLC raised its position in shares of Invesco KBW Bank ETF by 268.2% during the 1st quarter. Morningstar Investment Management LLC now owns 723,287 shares of the company’s stock worth $30,356,000 after purchasing an additional 526,871 shares during the last quarter.

Invesco KBW Bank ETF Trading Down 0.2 %

NASDAQ KBWB opened at $42.80 on Tuesday. The company has a market capitalization of $1.33 billion, a PE ratio of 8.67 and a beta of 1.19. The business’s 50-day moving average price is $39.84 and its 200 day moving average price is $41.18. Invesco KBW Bank ETF has a twelve month low of $36.19 and a twelve month high of $59.50.

Invesco KBW Bank ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Tuesday, September 19th were paid a dividend of $0.4053 per share. This represents a $1.62 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Monday, September 18th.

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.