29,790 Shares in Invesco KBW Bank ETF $KBWB Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC acquired a new position in Invesco KBW Bank ETF (NASDAQ:KBWB) in the 4th quarter, HoldingsChannel reports. The fund acquired 29,790 shares of the company’s stock, valued at approximately $2,511,000.

Several other large investors also recently added to or reduced their stakes in KBWB. JPMorgan Chase & Co. grew its stake in Invesco KBW Bank ETF by 77.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,215,823 shares of the company’s stock valued at $486,140,000 after buying an additional 2,712,112 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in Invesco KBW Bank ETF by 83.8% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,177,620 shares of the company’s stock valued at $326,732,000 after buying an additional 1,905,000 shares in the last quarter. Fisher Asset Management LLC grew its stake in Invesco KBW Bank ETF by 9.1% in the 3rd quarter. Fisher Asset Management LLC now owns 3,265,162 shares of the company’s stock valued at $255,368,000 after buying an additional 273,692 shares in the last quarter. Two Sigma Investments LP grew its stake 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 in the last quarter. Finally, Temasek Holdings Private Ltd purchased a new position in Invesco KBW Bank ETF in the 3rd quarter valued at approximately $83,606,000.

Invesco KBW Bank ETF Stock Up 0.5%

KBWB stock opened at $84.67 on Wednesday. The firm has a market capitalization of $5.34 billion, a PE ratio of 13.35 and a beta of 1.04. Invesco KBW Bank ETF has a twelve month low of $63.59 and a twelve month high of $91.43. The stock has a 50-day simple moving average of $82.16 and a two-hundred day simple moving average of $82.76.

Invesco KBW Bank ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.4898 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Monday, March 23rd. This is a boost 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.