MKP Capital Management L.L.C. Invests $8.43 Million in Invesco KBW Bank ETF $KBWB

MKP Capital Management L.L.C. purchased a new position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $8,429,000. Invesco KBW Bank ETF makes up approximately 0.3% of MKP Capital Management L.L.C.’s portfolio, making the stock its 21st biggest position. MKP Capital Management L.L.C. owned about 0.14% of Invesco KBW Bank ETF as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. SCS Capital Management LLC bought a new stake in shares of Invesco KBW Bank ETF during the 4th quarter worth about $203,000. Hazlett Burt & Watson Inc. boosted its stake in shares of Invesco KBW Bank ETF by 16.9% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 35,665 shares of the company’s stock worth $3,011,000 after acquiring an additional 5,151 shares in the last quarter. Founders Financial Securities LLC boosted its stake in shares of Invesco KBW Bank ETF by 2.2% during the 4th quarter. Founders Financial Securities LLC now owns 31,603 shares of the company’s stock worth $2,664,000 after acquiring an additional 688 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Invesco KBW Bank ETF during the 4th quarter worth about $385,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Invesco KBW Bank ETF during the 4th quarter worth about $72,072,000.

Invesco KBW Bank ETF Stock Performance

KBWB opened at $86.88 on Tuesday. The company has a market cap of $5.48 billion, a PE ratio of 13.35 and a beta of 1.04. The stock has a 50-day moving average of $84.09 and a 200-day moving average of $83.61. 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 business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.4898 per share. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. The ex-dividend date was Monday, March 23rd. This represents a $1.96 annualized dividend and a dividend yield of 2.3%.

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.