Masso Torrence Wealth Management Inc. Takes Position in Invesco KBW Bank ETF (NASDAQ:KBWB)

Masso Torrence Wealth Management Inc. bought a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) during the 1st quarter, HoldingsChannel reports. The fund bought 28,073 shares of the company’s stock, valued at approximately $1,762,000. Invesco KBW Bank ETF comprises approximately 0.9% of Masso Torrence Wealth Management Inc.’s holdings, making the stock its 26th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in KBWB. J.W. Cole Advisors Inc. purchased a new stake in shares of Invesco KBW Bank ETF in the fourth quarter valued at about $229,000. Private Advisor Group LLC purchased a new stake in Invesco KBW Bank ETF during the fourth quarter worth about $458,000. Leuthold Group LLC purchased a new stake in Invesco KBW Bank ETF during the fourth quarter worth about $731,000. Y Intercept Hong Kong Ltd boosted its holdings in Invesco KBW Bank ETF by 110.8% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 9,788 shares of the company’s stock worth $640,000 after buying an additional 5,144 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV purchased a new stake in Invesco KBW Bank ETF during the fourth quarter worth about $1,067,000.

Invesco KBW Bank ETF Trading Up 0.8%

KBWB stock opened at $67.77 on Friday. The company has a market cap of $3.98 billion, a P/E ratio of 12.26 and a beta of 1.08. Invesco KBW Bank ETF has a 52 week low of $51.13 and a 52 week high of $72.39. The company’s 50-day moving average price is $63.70 and its 200 day moving average price is $65.20.

Invesco KBW Bank ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a dividend of $0.4118 per share. The ex-dividend date was Monday, March 24th. This is an increase from Invesco KBW Bank ETF’s previous dividend of $0.36.

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.