17,570 Shares in Invesco KBW Bank ETF $KBWB Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. acquired a new position in Invesco KBW Bank ETF (NASDAQ:KBWB) in the third quarter, HoldingsChannel reports. The institutional investor acquired 17,570 shares of the company’s stock, valued at approximately $1,533,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Annex Advisory Services LLC bought a new stake in shares of Invesco KBW Bank ETF during the 3rd quarter valued at $70,800,000. Envestnet Asset Management Inc. boosted its holdings in Invesco KBW Bank ETF by 92.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 194,141 shares of the company’s stock worth $18,051,000 after buying an additional 93,236 shares during the period. Ayalon Insurance Comp Ltd. boosted its holdings in Invesco KBW Bank ETF by 596.4% in the 3rd quarter. Ayalon Insurance Comp Ltd. now owns 172,700 shares of the company’s stock worth $15,065,000 after buying an additional 147,900 shares during the period. Valley Wealth Managers Inc. increased its stake in Invesco KBW Bank ETF by 32.1% in the 3rd quarter. Valley Wealth Managers Inc. now owns 134,591 shares of the company’s stock worth $11,740,000 after buying an additional 32,687 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. increased its stake in Invesco KBW Bank ETF by 0.6% in the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 109,735 shares of the company’s stock worth $8,682,000 after buying an additional 678 shares in the last quarter.

Invesco KBW Bank ETF Stock Performance

Shares of KBWB stock opened at $85.85 on Tuesday. The stock has a fifty day simple moving average of $92.79 and a two-hundred day simple moving average of $91.17. The firm has a market capitalization of $6.07 billion, a PE ratio of 13.35 and a beta of 1.05. Invesco KBW Bank ETF has a 52-week low of $74.33 and a 52-week high of $100.61.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were paid a $0.4601 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.1%. This is a negative change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.4729. The ex-dividend date of this dividend was Monday, September 21st.

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.