Oppenheimer & Co. Inc. Makes New $2.44 Million Investment in Invesco KBW Bank ETF $KBWB

Oppenheimer & Co. Inc. acquired a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 27,948 shares of the company’s stock, valued at approximately $2,438,000.

Other hedge funds have also recently modified their holdings of the company. Blume Capital Management Inc. bought a new position in shares of Invesco KBW Bank ETF during the third quarter valued at about $35,000. Allworth Financial LP boosted its holdings in shares of Invesco KBW Bank ETF by 25.0% during the second quarter. Allworth Financial LP now owns 665 shares of the company’s stock worth $62,000 after purchasing an additional 133 shares during the period. Sound Income Strategies LLC grew its stake in shares of Invesco KBW Bank ETF by 929.9% in the first quarter. Sound Income Strategies LLC now owns 896 shares of the company’s stock worth $72,000 after purchasing an additional 809 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Invesco KBW Bank ETF in the second quarter worth about $104,000. Finally, Trust Co. of Vermont bought a new stake in shares of Invesco KBW Bank ETF in the second quarter worth about $129,000.

Invesco KBW Bank ETF Price Performance

Shares of NASDAQ:KBWB opened at $88.42 on Friday. The stock’s 50-day moving average is $91.03 and its 200 day moving average is $88.89. The company has a market cap of $6.57 billion, a PE ratio of 13.35 and a beta of 1.05. Invesco KBW Bank ETF has a 1 year low of $74.33 and a 1 year high of $100.61.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given a $0.4601 dividend. The ex-dividend date was Monday, September 21st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.1%. This is a decrease from Invesco KBW Bank ETF’s previous quarterly dividend of $0.4729.

Invesco KBW Bank ETF 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.