Goldman Sachs Group Inc. Acquires 121,744 Shares of Invesco KBW Bank ETF $KBWB

Goldman Sachs Group Inc. raised its holdings in Invesco KBW Bank ETF (NASDAQ:KBWBFree Report) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,837,447 shares of the company’s stock after acquiring an additional 121,744 shares during the quarter. Goldman Sachs Group Inc. owned about 4.01% of Invesco KBW Bank ETF worth $239,168,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. acquired a new stake in Invesco KBW Bank ETF in the third quarter worth $31,000. IFP Advisors Inc acquired a new stake in Invesco KBW Bank ETF in the fourth quarter worth $35,000. Allworth Financial LP raised its holdings in Invesco KBW Bank ETF by 31.5% in the fourth quarter. Allworth Financial LP now owns 522 shares of the company’s stock worth $44,000 after purchasing an additional 125 shares during the period. High Point Wealth Management LLC acquired a new stake in Invesco KBW Bank ETF in the fourth quarter worth $57,000. Finally, Comerica Bank raised its holdings in 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 purchasing an additional 438 shares during the period.

Invesco KBW Bank ETF Stock Performance

KBWB opened at $89.56 on Friday. The firm’s fifty day moving average is $84.92 and its two-hundred day moving average is $83.86. The firm has a market cap of $5.65 billion, a PE ratio of 13.35 and a beta of 1.02. Invesco KBW Bank ETF has a twelve month low of $65.40 and a twelve month high of $91.43.

Invesco KBW Bank ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.4898 dividend. This represents a $1.96 annualized dividend and a yield of 2.2%. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. The ex-dividend date was Monday, March 23rd.

Invesco KBW Bank ETF Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Invesco KBW Bank ETF (NASDAQ:KBWB)

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