Invesco KBW Bank ETF $KBWB Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp grew its position in Invesco KBW Bank ETF (NASDAQ:KBWBFree Report) by 2,434.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 9,554 shares of the company’s stock after purchasing an additional 9,177 shares during the period. Fifth Third Bancorp’s holdings in Invesco KBW Bank ETF were worth $756,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. North Star Investment Management Corp. purchased a new position in Invesco KBW Bank ETF in the first quarter worth approximately $29,000. IFP Advisors Inc purchased a new stake in Invesco KBW Bank ETF in the fourth quarter valued at $35,000. Private Wealth Management Group LLC purchased a new stake in Invesco KBW Bank ETF in the first quarter valued at $40,000. Allworth Financial LP lifted its stake in shares of Invesco KBW Bank ETF by 31.5% in 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 last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Invesco KBW Bank ETF by 970.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the company’s stock valued at $45,000 after purchasing an additional 485 shares during the last quarter.

Invesco KBW Bank ETF Trading Down 0.1%

NASDAQ KBWB opened at $96.57 on Tuesday. The stock has a fifty day simple moving average of $92.34 and a 200-day simple moving average of $86.94. The stock has a market cap of $6.88 billion, a PE ratio of 13.35 and a beta of 1.01. Invesco KBW Bank ETF has a twelve month low of $70.68 and a twelve month high of $98.97.

Invesco KBW Bank ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a $0.4729 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.89 dividend on an annualized basis and a yield of 2.0%.

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

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

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