Foundations Investment Advisors LLC Has $12.75 Million Stake in Invesco KBW Bank ETF $KBWB

Foundations Investment Advisors LLC trimmed its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 37.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 151,266 shares of the company’s stock after selling 89,369 shares during the period. Foundations Investment Advisors LLC’s holdings in Invesco KBW Bank ETF were worth $12,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Invesco KBW Bank ETF by 77.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,215,823 shares of the company’s stock worth $486,140,000 after acquiring an additional 2,712,112 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Invesco KBW Bank ETF by 9.3% during the 4th quarter. Fisher Asset Management LLC now owns 3,568,214 shares of the company’s stock worth $300,765,000 after acquiring an additional 303,052 shares during the period. Two Sigma Investments LP lifted its holdings in shares of Invesco KBW Bank ETF by 2,620.7% during the 3rd quarter. Two Sigma Investments LP now owns 1,213,448 shares of the company’s stock worth $94,904,000 after acquiring an additional 1,168,848 shares during the period. Temasek Holdings Private Ltd bought a new position in shares of Invesco KBW Bank ETF during the 3rd quarter worth about $83,606,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco KBW Bank ETF by 2,254.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 313,609 shares of the company’s stock worth $26,434,000 after acquiring an additional 300,290 shares during the period.

Invesco KBW Bank ETF Stock Performance

NASDAQ:KBWB opened at $86.58 on Thursday. The company has a 50-day moving average of $83.49 and a 200-day moving average of $83.42. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 13.35 and a beta of 1.04. Invesco KBW Bank ETF has a 52 week low of $64.54 and a 52 week high of $91.43.

Invesco KBW Bank ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.4898 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44.

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.