Quantitative Investment Management LLC Makes New $5.56 Million Investment in Invesco KBW Bank ETF $KBWB

Quantitative Investment Management LLC purchased a new position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 59,842 shares of the company’s stock, valued at approximately $5,564,000. Quantitative Investment Management LLC owned approximately 0.08% of Invesco KBW Bank ETF at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. MKP Capital Management L.L.C. purchased a new stake in Invesco KBW Bank ETF in the fourth quarter worth about $8,429,000. Northwestern Mutual Wealth Management Co. increased its position in Invesco KBW Bank ETF by 306.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 54,153 shares of the company’s stock valued at $4,565,000 after purchasing an additional 40,834 shares during the period. Goldman Sachs Group Inc. increased its position in Invesco KBW Bank ETF by 4.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,837,447 shares of the company’s stock valued at $239,168,000 after purchasing an additional 121,744 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Invesco KBW Bank ETF by 9.3% in the 4th quarter. Fisher Asset Management LLC now owns 3,568,214 shares of the company’s stock valued at $300,765,000 after purchasing an additional 303,052 shares in the last quarter. Finally, Csenge Advisory Group raised its holdings in shares of Invesco KBW Bank ETF by 24.9% in the 4th quarter. Csenge Advisory Group now owns 134,948 shares of the company’s stock valued at $11,375,000 after purchasing an additional 26,898 shares in the last quarter.

Invesco KBW Bank ETF Stock Performance

Shares of KBWB opened at $96.28 on Monday. The company has a 50 day moving average price of $96.34 and a 200-day moving average price of $88.70. Invesco KBW Bank ETF has a fifty-two week low of $73.32 and a fifty-two week high of $100.61. The stock has a market capitalization of $6.78 billion, a PE ratio of 13.35 and a beta of 1.02.

Invesco KBW Bank ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.4729 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.89 dividend on an annualized basis and a yield of 2.0%.

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.