Invesco KBW Bank ETF $KBWB Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 306.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,153 shares of the company’s stock after buying an additional 40,834 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.08% of Invesco KBW Bank ETF worth $4,565,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in KBWB. UMB Bank n.a. purchased a new position in Invesco KBW Bank ETF during the third quarter worth about $31,000. IFP Advisors Inc purchased a new position in Invesco KBW Bank ETF during the fourth quarter worth about $35,000. Allworth Financial LP raised its holdings in Invesco KBW Bank ETF by 31.5% during the fourth quarter. Allworth Financial LP now owns 522 shares of the company’s stock worth $44,000 after purchasing an additional 125 shares in the last quarter. High Point Wealth Management LLC purchased a new position in Invesco KBW Bank ETF during the fourth quarter worth about $57,000. Finally, Comerica Bank raised its holdings in Invesco KBW Bank ETF by 58.3% during the first quarter. Comerica Bank now owns 1,189 shares of the company’s stock worth $75,000 after purchasing an additional 438 shares in the last quarter.

Invesco KBW Bank ETF Stock Down 1.4%

NASDAQ KBWB opened at $87.16 on Thursday. The stock has a market capitalization of $5.50 billion, a P/E ratio of 13.35 and a beta of 1.04. Invesco KBW Bank ETF has a 52-week low of $65.24 and a 52-week high of $91.43. The firm has a 50-day moving average price of $84.48 and a 200 day moving average price of $83.73.

Invesco KBW Bank ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a dividend of $0.4898 per share. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. This represents a $1.96 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Monday, March 23rd.

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.