Chicago Partners Investment Group LLC Invests $258,000 in Invesco KBW Bank ETF $KBWB

Chicago Partners Investment Group LLC purchased a new position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,446 shares of the company’s stock, valued at approximately $258,000.

Several other large investors have also modified their holdings of KBWB. Cambridge Investment Research Advisors Inc. raised its stake in shares of Invesco KBW Bank ETF by 62.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,740 shares of the company’s stock worth $1,616,000 after purchasing an additional 9,897 shares during the last quarter. DSG Capital Advisors LLC raised its stake in shares of Invesco KBW Bank ETF by 32.2% during the first quarter. DSG Capital Advisors LLC now owns 5,708 shares of the company’s stock worth $358,000 after purchasing an additional 1,390 shares during the last quarter. Summit Trail Advisors LLC raised its stake in shares of Invesco KBW Bank ETF by 119.5% during the first quarter. Summit Trail Advisors LLC now owns 672,954 shares of the company’s stock worth $42,241,000 after purchasing an additional 366,312 shares during the last quarter. Private Trust Co. NA raised its stake in shares of Invesco KBW Bank ETF by 61.2% during the first quarter. Private Trust Co. NA now owns 685 shares of the company’s stock worth $43,000 after purchasing an additional 260 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of Invesco KBW Bank ETF during the first quarter worth approximately $4,508,000.

Invesco KBW Bank ETF Price Performance

Invesco KBW Bank ETF stock opened at $76.94 on Friday. Invesco KBW Bank ETF has a 12 month low of $51.13 and a 12 month high of $80.04. The business has a 50 day simple moving average of $76.82 and a 200-day simple moving average of $70.55. The stock has a market capitalization of $5.73 billion, a PE ratio of 13.35 and a beta of 1.19.

Invesco KBW Bank ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were issued a dividend of $0.4515 per share. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.41. This represents a $1.81 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Monday, September 22nd.

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.