12,009 Shares in Invesco KBW Bank ETF $KBWB Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC bought a new position in Invesco KBW Bank ETF (NASDAQ:KBWB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,009 shares of the company’s stock, valued at approximately $1,012,000.

Several other hedge funds have also modified their holdings of KBWB. UMB Bank n.a. acquired a new stake in shares of Invesco KBW Bank ETF in the third quarter worth approximately $31,000. Comerica Bank boosted its position 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 during the last quarter. BTG Pactual Asset Management US LLC acquired a new stake in shares of Invesco KBW Bank ETF in the second quarter worth approximately $82,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Invesco KBW Bank ETF in the third quarter worth approximately $86,000. Finally, MRA Advisory Group purchased a new position in Invesco KBW Bank ETF in the fourth quarter valued at approximately $204,000.

Invesco KBW Bank ETF Stock Up 3.8%

Shares of KBWB stock opened at $84.32 on Thursday. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 13.35 and a beta of 1.04. Invesco KBW Bank ETF has a fifty-two week low of $51.83 and a fifty-two week high of $91.43. The firm’s 50 day moving average price is $82.39 and its two-hundred day moving average price is $81.26.

Invesco KBW Bank ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.4898 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.3%. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. 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.