Independent Advisor Alliance Purchases Shares of 12,943 Invesco KBW Bank ETF $KBWB

Independent Advisor Alliance acquired a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 12,943 shares of the company’s stock, valued at approximately $1,012,000.

Several other institutional investors have also made changes to their positions in the business. Allworth Financial LP raised its position in Invesco KBW Bank ETF by 59.4% in the second 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. AE Wealth Management LLC grew its stake in shares of Invesco KBW Bank ETF by 214.4% in the 2nd 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 period. BTG Pactual Asset Management US LLC bought a new stake in shares of Invesco KBW Bank ETF in the 2nd quarter valued at approximately $82,000. Comerica Bank raised its holdings in shares of Invesco KBW Bank ETF by 58.3% in 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, Ameritas Advisory Services LLC bought a new position in shares of Invesco KBW Bank ETF during the 2nd quarter worth approximately $85,000.

Invesco KBW Bank ETF Price Performance

Shares of KBWB stock opened at $88.35 on Wednesday. The stock’s fifty day simple moving average is $84.80 and its 200 day simple moving average is $79.19. Invesco KBW Bank ETF has a one year low of $51.13 and a one year high of $89.24. The firm has a market cap of $6.20 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 given a dividend of $0.4442 per share. The ex-dividend date was Monday, December 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 2.0%.

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.