Puff Wealth Management LLC Invests $1.14 Million in Invesco KBW Bank ETF $KBWB

Puff Wealth Management LLC bought a new position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,236 shares of the company’s stock, valued at approximately $1,138,000. Invesco KBW Bank ETF makes up 1.2% of Puff Wealth Management LLC’s investment portfolio, making the stock its 27th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. North Star Investment Management Corp. purchased a new position in Invesco KBW Bank ETF in the 1st quarter worth approximately $29,000. IFP Advisors Inc purchased a new stake in Invesco KBW Bank ETF during the 4th quarter valued at approximately $35,000. Private Wealth Management Group LLC purchased a new stake in Invesco KBW Bank ETF during the 1st quarter valued at approximately $40,000. Allworth Financial LP raised its position in shares of Invesco KBW Bank ETF by 31.5% during the fourth quarter. Allworth Financial LP now owns 522 shares of the company’s stock valued at $44,000 after buying an additional 125 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Invesco KBW Bank ETF by 970.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the company’s stock valued at $45,000 after buying an additional 485 shares during the last quarter.

Invesco KBW Bank ETF Stock Performance

KBWB stock opened at $97.61 on Friday. Invesco KBW Bank ETF has a one year low of $71.82 and a one year high of $99.43. The company’s fifty day moving average price is $94.27 and its 200-day moving average price is $87.58. The company has a market capitalization of $6.87 billion, a PE ratio of 13.35 and a beta of 1.02.

Invesco KBW Bank ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a $0.4729 dividend. This represents a $1.89 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, June 22nd.

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.