Annex Advisory Services LLC Grows Position in Invesco KBW Bank ETF $KBWB

Annex Advisory Services LLC lifted its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 94.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 756,328 shares of the company’s stock after purchasing an additional 367,271 shares during the quarter. Invesco KBW Bank ETF accounts for approximately 1.2% of Annex Advisory Services LLC’s portfolio, making the stock its 25th largest holding. Annex Advisory Services LLC’s holdings in Invesco KBW Bank ETF were worth $70,323,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. North Star Investment Management Corp. acquired a new position in shares of Invesco KBW Bank ETF in the 1st quarter valued at $29,000. IFP Advisors Inc purchased a new stake in Invesco KBW Bank ETF during the fourth quarter worth $35,000. Private Wealth Management Group LLC acquired a new stake in Invesco KBW Bank ETF during the first quarter valued at $40,000. Allworth Financial LP grew its position in Invesco KBW Bank ETF by 31.5% during the fourth quarter. Allworth Financial LP now owns 522 shares of the company’s stock valued at $44,000 after buying an additional 125 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Invesco KBW Bank ETF by 970.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the company’s stock valued at $45,000 after buying an additional 485 shares in the last quarter.

Invesco KBW Bank ETF Stock Performance

Shares of Invesco KBW Bank ETF stock opened at $98.26 on Wednesday. The firm has a 50-day simple moving average of $94.72 and a two-hundred day simple moving average of $87.77. The company has a market cap of $6.92 billion, a P/E ratio of 13.35 and a beta of 1.02. Invesco KBW Bank ETF has a fifty-two week low of $72.81 and a fifty-two week high of $99.43.

Invesco KBW Bank ETF Announces Dividend

The firm also recently declared 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.