BNP Paribas Financial Markets Invests $72.07 Million in Invesco KBW Bank ETF $KBWB

BNP Paribas Financial Markets acquired a new position in Invesco KBW Bank ETF (NASDAQ:KBWB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 855,044 shares of the company’s stock, valued at approximately $72,072,000.

Several other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of Invesco KBW Bank ETF by 77.4% in the third quarter. JPMorgan Chase & Co. now owns 6,215,823 shares of the company’s stock worth $486,140,000 after purchasing an additional 2,712,112 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Invesco KBW Bank ETF by 9.3% in the fourth quarter. Fisher Asset Management LLC now owns 3,568,214 shares of the company’s stock worth $300,765,000 after purchasing an additional 303,052 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of Invesco KBW Bank ETF by 2,620.7% in the third quarter. Two Sigma Investments LP now owns 1,213,448 shares of the company’s stock worth $94,904,000 after purchasing an additional 1,168,848 shares during the last quarter. Temasek Holdings Private Ltd purchased a new position in shares of Invesco KBW Bank ETF in the third quarter worth about $83,606,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco KBW Bank ETF by 2,254.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 313,609 shares of the company’s stock worth $26,434,000 after purchasing an additional 300,290 shares during the last quarter.

Invesco KBW Bank ETF Stock Down 0.3%

Shares of NASDAQ:KBWB opened at $86.88 on Tuesday. Invesco KBW Bank ETF has a 52-week low of $64.54 and a 52-week high of $91.43. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 13.35 and a beta of 1.04. The business has a 50-day moving average price of $84.09 and a 200-day moving average price of $83.61.

Invesco KBW Bank ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a dividend of $0.4898 per share. This represents a $1.96 annualized dividend and a yield of 2.3%. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Monday, March 23rd.

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.