Invesco KBW Bank ETF (NASDAQ:KBWB) to Issue $0.46 Quarterly Dividend

Invesco KBW Bank ETF (NASDAQ:KBWB) declared a quarterly dividend on Monday, September 21st. Investors of record on Monday, September 21st will be given a dividend of 0.4601 per share on Friday, September 25th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, September 21st.

Invesco KBW Bank ETF Stock Up 0.3%

Shares of KBWB traded up $0.27 during mid-day trading on Monday, hitting $92.36. 1,336,635 shares of the company’s stock were exchanged, compared to its average volume of 1,940,444. Invesco KBW Bank ETF has a 52 week low of $73.32 and a 52 week high of $100.61. The stock’s 50-day simple moving average is $96.61 and its 200-day simple moving average is $89.74. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 13.35 and a beta of 1.01.

Institutional Trading of Invesco KBW Bank ETF

Several large investors have recently bought and sold shares of KBWB. MKP Capital Management L.L.C. acquired a new position in Invesco KBW Bank ETF in the fourth quarter valued at approximately $8,429,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco KBW Bank ETF by 306.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 54,153 shares of the company’s stock valued at $4,565,000 after acquiring an additional 40,834 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Invesco KBW Bank ETF by 4.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,837,447 shares of the company’s stock valued at $239,168,000 after acquiring an additional 121,744 shares in the last quarter. Fisher Asset Management LLC increased its stake 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 acquiring an additional 303,052 shares in the last quarter. Finally, Polymer Capital Management HK LTD acquired a new position in shares of Invesco KBW Bank ETF during the 4th quarter valued at $12,896,000.

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.