Foundations Investment Advisors LLC Acquires 9,448 Shares of Invesco KBW Bank ETF $KBWB

Foundations Investment Advisors LLC grew its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 4.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,669 shares of the company’s stock after buying an additional 9,448 shares during the quarter. Foundations Investment Advisors LLC owned approximately 0.32% of Invesco KBW Bank ETF worth $14,658,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Invesco KBW Bank ETF by 64.8% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,595,000 shares of the company’s stock worth $400,714,000 after acquiring an additional 2,200,000 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Invesco KBW Bank ETF by 20.2% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,545,000 shares of the company’s stock valued at $222,520,000 after buying an additional 595,000 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Invesco KBW Bank ETF by 306.5% in the first quarter. Goldman Sachs Group Inc. now owns 2,240,028 shares of the company’s stock valued at $140,607,000 after buying an additional 1,689,020 shares in the last quarter. Menora Mivtachim Holdings LTD. acquired a new position in Invesco KBW Bank ETF during the first quarter worth $93,402,000. Finally, Temasek Holdings Private Ltd acquired a new position in Invesco KBW Bank ETF during the first quarter worth $52,177,000.

Invesco KBW Bank ETF Price Performance

KBWB stock opened at $77.00 on Friday. Invesco KBW Bank ETF has a one year low of $51.13 and a one year high of $80.08. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11. The company has a fifty day moving average price of $77.14 and a two-hundred day moving average price of $72.73.

Invesco KBW Bank ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.4515 per share. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.41. This represents a $1.81 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, September 22nd.

Invesco KBW Bank ETF 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.