Invesco KBW Bank ETF (NASDAQ:KBWB) Raises Dividend to $0.49 Per Share

Invesco KBW Bank ETF (NASDAQ:KBWB) announced a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Investors of record on Monday, March 23rd will be given a dividend of 0.4898 per share on Friday, March 27th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, March 23rd. This is a 10.3% increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44.

Invesco KBW Bank ETF Trading Up 0.8%

NASDAQ:KBWB traded up $0.60 during trading hours on Monday, reaching $77.68. 5,640,779 shares of the company traded hands, compared to its average volume of 2,690,005. The business’s 50-day moving average price is $84.01 and its two-hundred day moving average price is $81.15. The stock has a market capitalization of $5.50 billion, a P/E ratio of 13.35 and a beta of 1.11. Invesco KBW Bank ETF has a 1 year low of $51.13 and a 1 year high of $91.43.

Hedge Funds Weigh In On Invesco KBW Bank ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP boosted its stake in Invesco KBW Bank ETF by 59.4% in the 2nd quarter. Allworth Financial LP now owns 400 shares of the company’s stock worth $29,000 after purchasing an additional 149 shares in the last quarter. UMB Bank n.a. purchased a new position in Invesco KBW Bank ETF in the third quarter worth about $31,000. IFP Advisors Inc purchased a new position in Invesco KBW Bank ETF in the fourth quarter worth about $35,000. Smartleaf Asset Management LLC lifted its stake in shares of Invesco KBW Bank ETF by 970.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the company’s stock worth $45,000 after buying an additional 485 shares in the last quarter. Finally, Bayban bought a new position in shares of Invesco KBW Bank ETF in the fourth quarter worth approximately $55,000.

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.