Polymer Capital Management HK LTD Makes New $12.90 Million Investment in Invesco KBW Bank ETF $KBWB

Polymer Capital Management HK LTD purchased a new position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 153,000 shares of the company’s stock, valued at approximately $12,896,000. Invesco KBW Bank ETF makes up 1.8% of Polymer Capital Management HK LTD’s holdings, making the stock its 13th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in shares of Invesco KBW Bank ETF by 47.5% during the fourth quarter. JPMorgan Chase & Co. now owns 9,166,004 shares of the company’s stock worth $772,603,000 after purchasing an additional 2,950,181 shares during the period. Two Sigma Investments LP raised its position in Invesco KBW Bank ETF by 2,620.7% in the 3rd quarter. Two Sigma Investments LP now owns 1,213,448 shares of the company’s stock valued at $94,904,000 after buying an additional 1,168,848 shares during the last quarter. Temasek Holdings Private Ltd purchased a new stake in Invesco KBW Bank ETF in the 3rd quarter valued at $83,606,000. BNP Paribas Financial Markets purchased a new stake in shares of Invesco KBW Bank ETF during the 4th quarter valued at $72,072,000. Finally, Fisher Asset Management LLC increased its position in shares of Invesco KBW Bank ETF by 9.3% during the 4th quarter. Fisher Asset Management LLC now owns 3,568,214 shares of the company’s stock valued at $300,765,000 after purchasing an additional 303,052 shares during the last quarter.

Invesco KBW Bank ETF Price Performance

Shares of Invesco KBW Bank ETF stock opened at $92.60 on Friday. Invesco KBW Bank ETF has a 1 year low of $65.40 and a 1 year high of $93.04. The firm has a market cap of $5.84 billion, a PE ratio of 13.35 and a beta of 1.02. The stock has a fifty day moving average price of $86.18 and a 200-day moving average price of $84.39.

Invesco KBW Bank ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.4898 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.1%. 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.