Invesco KBW Bank ETF $KBWB Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC grew its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 9.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,568,214 shares of the company’s stock after purchasing an additional 303,052 shares during the quarter. Fisher Asset Management LLC owned 5.04% of Invesco KBW Bank ETF worth $300,765,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. acquired a new position in shares of Invesco KBW Bank ETF during the 3rd quarter valued at $31,000. IFP Advisors Inc acquired a new position in shares of Invesco KBW Bank ETF during the 4th quarter valued at $35,000. Allworth Financial LP increased its position in shares of Invesco KBW Bank ETF by 31.5% during the 4th quarter. Allworth Financial LP now owns 522 shares of the company’s stock valued at $44,000 after purchasing an additional 125 shares during the period. High Point Wealth Management LLC acquired a new position in shares of Invesco KBW Bank ETF during the 4th quarter valued at $57,000. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of Invesco KBW Bank ETF in the 3rd quarter worth $86,000.

Invesco KBW Bank ETF Price Performance

Shares of NASDAQ KBWB opened at $86.53 on Tuesday. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 13.35 and a beta of 1.04. The stock’s fifty day simple moving average is $83.06 and its 200 day simple moving average is $83.28. Invesco KBW Bank ETF has a 52-week low of $63.59 and a 52-week high of $91.43.

Invesco KBW Bank ETF Increases Dividend

The business 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. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.3%. 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.

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.