UBS Group AG Raises Stake in Invesco KBW Bank ETF $KBWB

UBS Group AG boosted its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 18.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 304,697 shares of the company’s stock after purchasing an additional 46,460 shares during the period. UBS Group AG’s holdings in Invesco KBW Bank ETF were worth $25,683,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of KBWB. JPMorgan Chase & Co. grew its position in Invesco KBW Bank ETF by 77.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,215,823 shares of the company’s stock worth $486,140,000 after purchasing an additional 2,712,112 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in Invesco KBW Bank ETF by 83.8% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,177,620 shares of the company’s stock worth $326,732,000 after purchasing an additional 1,905,000 shares during the last quarter. Two Sigma Investments LP grew its position in Invesco KBW Bank ETF by 2,620.7% during the 3rd quarter. Two Sigma Investments LP now owns 1,213,448 shares of the company’s stock worth $94,904,000 after purchasing an additional 1,168,848 shares during the last quarter. Temasek Holdings Private Ltd purchased a new position in Invesco KBW Bank ETF during the 3rd quarter worth $83,606,000. Finally, Meitav Investment House Ltd. grew its position in Invesco KBW Bank ETF by 1,409.0% during the 3rd quarter. Meitav Investment House Ltd. now owns 610,455 shares of the company’s stock worth $47,623,000 after purchasing an additional 570,000 shares during the last quarter.

Invesco KBW Bank ETF Price Performance

Shares of NASDAQ:KBWB opened at $85.24 on Monday. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 13.35 and a beta of 1.04. The firm’s 50-day simple moving average is $82.14 and its 200-day simple moving average is $82.57. Invesco KBW Bank ETF has a fifty-two week low of $63.11 and a fifty-two week high of $91.43.

Invesco KBW Bank ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.4898 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. 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.