JPMorgan Chase & Co. Purchases 2,712,112 Shares of Invesco KBW Bank ETF $KBWB

JPMorgan Chase & Co. lifted its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 77.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,215,823 shares of the company’s stock after buying an additional 2,712,112 shares during the period. JPMorgan Chase & Co. owned about 8.40% of Invesco KBW Bank ETF worth $486,140,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KBWB. Allworth Financial LP lifted its position in Invesco KBW Bank ETF by 59.4% in the 2nd quarter. Allworth Financial LP now owns 400 shares of the company’s stock valued at $29,000 after acquiring an additional 149 shares in the last quarter. UMB Bank n.a. acquired a new position in Invesco KBW Bank ETF during the 3rd quarter worth approximately $31,000. AE Wealth Management LLC raised its holdings in shares of Invesco KBW Bank ETF by 214.4% in the second quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock valued at $33,000 after purchasing an additional 313 shares during the last quarter. Comerica Bank lifted its position in Invesco KBW Bank ETF by 58.3% during the 1st quarter. Comerica Bank now owns 1,189 shares of the company’s stock worth $75,000 after buying an additional 438 shares in the last quarter. Finally, BTG Pactual Asset Management US LLC bought a new stake in Invesco KBW Bank ETF during the second quarter worth about $82,000.

Invesco KBW Bank ETF Trading Up 0.8%

Shares of KBWB opened at $77.03 on Wednesday. The company’s fifty day simple moving average is $84.66 and its 200 day simple moving average is $81.15. Invesco KBW Bank ETF has a 1-year low of $51.13 and a 1-year high of $91.43. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11.

Invesco KBW Bank ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a $0.4442 dividend. This represents a $1.78 annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, December 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.