Invesco KBW Bank ETF $KBWB Shares Sold by Wharton Business Group LLC

Wharton Business Group LLC lowered its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,825,463 shares of the company’s stock after selling 8,644 shares during the quarter. Invesco KBW Bank ETF accounts for about 5.9% of Wharton Business Group LLC’s investment portfolio, making the stock its 3rd biggest holding. Wharton Business Group LLC owned about 2.58% of Invesco KBW Bank ETF worth $153,868,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Invesco KBW Bank ETF by 77.4% in the third quarter. JPMorgan Chase & Co. now owns 6,215,823 shares of the company’s stock valued at $486,140,000 after buying an additional 2,712,112 shares in the last quarter. Two Sigma Investments LP lifted its stake in Invesco KBW Bank ETF by 2,620.7% in the third quarter. Two Sigma Investments LP now owns 1,213,448 shares of the company’s stock valued at $94,904,000 after buying an additional 1,168,848 shares in the last quarter. Temasek Holdings Private Ltd bought a new position in Invesco KBW Bank ETF in the third quarter valued at approximately $83,606,000. BNP Paribas Financial Markets bought a new position in Invesco KBW Bank ETF in the fourth quarter valued at approximately $72,072,000. Finally, Fisher Asset Management LLC lifted its stake in Invesco KBW Bank ETF by 9.3% in the fourth quarter. Fisher Asset Management LLC now owns 3,568,214 shares of the company’s stock valued at $300,765,000 after buying an additional 303,052 shares in the last quarter.

Invesco KBW Bank ETF Stock Performance

Shares of KBWB opened at $89.56 on Friday. Invesco KBW Bank ETF has a twelve month low of $65.40 and a twelve month high of $91.43. The firm’s 50 day moving average price is $84.92 and its two-hundred day moving average price is $83.86. The firm has a market cap of $5.65 billion, a P/E ratio of 13.35 and a beta of 1.02.

Invesco KBW Bank ETF Increases Dividend

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

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.