23,155 Shares in Invesco KBW Bank ETF $KBWB Purchased by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division bought a new stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 23,155 shares of the company’s stock, valued at approximately $2,153,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. City Center Advisors LLC boosted its position in shares of Invesco KBW Bank ETF by 2.3% in the second quarter. City Center Advisors LLC now owns 8,567 shares of the company’s stock valued at $797,000 after acquiring an additional 189 shares during the period. Eastern Bank increased its position in Invesco KBW Bank ETF by 25.6% during the second quarter. Eastern Bank now owns 20,402 shares of the company’s stock worth $1,897,000 after acquiring an additional 4,154 shares during the period. J. R. Prunier Capital Management LLC raised its stake in Invesco KBW Bank ETF by 15.5% during the 1st quarter. J. R. Prunier Capital Management LLC now owns 6,814 shares of the company’s stock valued at $539,000 after purchasing an additional 912 shares during the last quarter. Hobbs Group Advisors LLC raised its stake in Invesco KBW Bank ETF by 12.2% during the 1st quarter. Hobbs Group Advisors LLC now owns 42,546 shares of the company’s stock valued at $3,366,000 after purchasing an additional 4,638 shares during the last quarter. Finally, Waverly Advisors LLC raised its stake in Invesco KBW Bank ETF by 15.8% during the 1st quarter. Waverly Advisors LLC now owns 3,491 shares of the company’s stock valued at $276,000 after purchasing an additional 477 shares during the last quarter.

Invesco KBW Bank ETF Price Performance

Shares of Invesco KBW Bank ETF stock opened at $98.33 on Wednesday. The company has a market cap of $6.92 billion, a PE ratio of 13.35 and a beta of 1.01. The firm has a fifty day moving average price of $93.60 and a two-hundred day moving average price of $87.35. Invesco KBW Bank ETF has a fifty-two week low of $71.39 and a fifty-two week high of $98.98.

Invesco KBW Bank ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.4729 dividend. This represents a $1.89 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, June 22nd.

Invesco KBW Bank ETF Company Profile

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.