Sapient Capital LLC Invests $629,000 in Invesco KBW Bank ETF (NASDAQ:KBWB)

Sapient Capital LLC acquired a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,779 shares of the company’s stock, valued at approximately $629,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truist Financial Corp raised its holdings in Invesco KBW Bank ETF by 1.4% in the 4th quarter. Truist Financial Corp now owns 19,497 shares of the company’s stock valued at $959,000 after acquiring an additional 278 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Invesco KBW Bank ETF by 2.7% during the third quarter. HighTower Advisors LLC now owns 15,389 shares of the company’s stock worth $609,000 after buying an additional 401 shares in the last quarter. Meitav Investment House Ltd. boosted its stake in shares of Invesco KBW Bank ETF by 2.3% during the third quarter. Meitav Investment House Ltd. now owns 37,529 shares of the company’s stock valued at $1,502,000 after purchasing an additional 847 shares in the last quarter. Concourse Financial Group Securities Inc. grew its holdings in Invesco KBW Bank ETF by 1,000.0% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,210 shares of the company’s stock worth $48,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Accredited Investors Inc. lifted its stake in shares of Invesco KBW Bank ETF by 15.9% in the third quarter. Accredited Investors Inc. now owns 8,396 shares of the company’s stock worth $336,000 after acquiring an additional 1,150 shares during the period.

Invesco KBW Bank ETF Stock Performance

NASDAQ:KBWB opened at $52.97 on Monday. The firm has a market cap of $1.56 billion, a P/E ratio of 10.29 and a beta of 1.19. Invesco KBW Bank ETF has a 52 week low of $36.19 and a 52 week high of $53.79. The firm’s fifty day moving average is $51.54 and its 200-day moving average is $47.71.

Invesco KBW Bank ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were issued a $0.4265 dividend. This represents a $1.71 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Monday, March 18th.

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.