Kestra Advisory Services LLC Acquires 11,310 Shares of Invesco KBW Bank ETF $KBWB

Kestra Advisory Services LLC increased its holdings in Invesco KBW Bank ETF (NASDAQ:KBWB) by 21.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 63,102 shares of the company’s stock after buying an additional 11,310 shares during the period. Kestra Advisory Services LLC’s holdings in Invesco KBW Bank ETF were worth $5,504,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of KBWB. Annex Advisory Services LLC bought a new position in shares of Invesco KBW Bank ETF during the third quarter valued at approximately $70,800,000. Ayalon Insurance Comp Ltd. lifted its stake in Invesco KBW Bank ETF by 596.4% in the third quarter. Ayalon Insurance Comp Ltd. now owns 172,700 shares of the company’s stock valued at $15,065,000 after buying an additional 147,900 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Invesco KBW Bank ETF by 92.4% in the second quarter. Envestnet Asset Management Inc. now owns 194,141 shares of the company’s stock valued at $18,051,000 after buying an additional 93,236 shares during the last quarter. Baird Financial Group Inc. acquired a new position in Invesco KBW Bank ETF during the 2nd quarter valued at about $6,101,000. Finally, Quantitative Investment Management LLC bought a new position in Invesco KBW Bank ETF in the 2nd quarter worth about $5,564,000.

Invesco KBW Bank ETF Trading Down 0.6%

KBWB opened at $89.64 on Friday. The business’s 50 day moving average is $89.86 and its 200-day moving average is $89.06. The stock has a market cap of $6.64 billion, a PE ratio of 12.89 and a beta of 1.05. Invesco KBW Bank ETF has a twelve month low of $74.33 and a twelve month high of $100.61.

Invesco KBW Bank ETF Cuts Dividend

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

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.