Foundations Investment Advisors LLC Has $18.82 Million Stake in Invesco KBW Bank ETF $KBWB

Foundations Investment Advisors LLC grew its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 17.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,635 shares of the company’s stock after acquiring an additional 35,966 shares during the period. Foundations Investment Advisors LLC owned 0.33% of Invesco KBW Bank ETF worth $18,820,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP lifted its stake in Invesco KBW Bank ETF by 59.4% in the second quarter. Allworth Financial LP now owns 400 shares of the company’s stock valued at $29,000 after acquiring an additional 149 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of Invesco KBW Bank ETF in the 2nd quarter valued at about $31,000. AE Wealth Management LLC grew its holdings in Invesco KBW Bank ETF by 214.4% during the second quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock worth $33,000 after purchasing an additional 313 shares during the period. BTG Pactual Asset Management US LLC acquired a new position in Invesco KBW Bank ETF during the second quarter worth approximately $82,000. Finally, Comerica Bank raised its stake in Invesco KBW Bank ETF by 58.3% in the first quarter. Comerica Bank now owns 1,189 shares of the company’s stock valued at $75,000 after buying an additional 438 shares during the period.

Invesco KBW Bank ETF Stock Down 0.5%

KBWB opened at $85.09 on Thursday. Invesco KBW Bank ETF has a 12-month low of $51.13 and a 12-month high of $88.84. The business has a 50 day moving average of $83.96 and a 200-day moving average of $78.76. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11.

Invesco KBW Bank ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a $0.4442 dividend. This represents a $1.78 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, December 22nd.

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.