Kestra Advisory Services LLC Has $1.45 Million Stock Holdings in Invesco KBW Bank ETF $KBWB

Kestra Advisory Services LLC lifted its holdings in Invesco KBW Bank ETF (NASDAQ:KBWB) by 81.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,303 shares of the company’s stock after buying an additional 8,206 shares during the quarter. Kestra Advisory Services LLC’s holdings in Invesco KBW Bank ETF were worth $1,448,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KBWB. North Star Investment Management Corp. bought a new stake in Invesco KBW Bank ETF during the 1st quarter worth about $29,000. IFP Advisors Inc bought a new position in shares of Invesco KBW Bank ETF in the fourth quarter worth about $35,000. Private Wealth Management Group LLC bought a new position in shares of Invesco KBW Bank ETF in the first quarter worth about $40,000. Allworth Financial LP raised its stake in shares of Invesco KBW Bank ETF by 31.5% in the fourth quarter. Allworth Financial LP now owns 522 shares of the company’s stock worth $44,000 after acquiring an additional 125 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted 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 worth $45,000 after purchasing an additional 485 shares in the last quarter.

Invesco KBW Bank ETF Trading Up 0.9%

Shares of KBWB stock opened at $96.86 on Wednesday. Invesco KBW Bank ETF has a 1 year low of $70.68 and a 1 year high of $98.97. The firm’s 50 day moving average is $91.33 and its 200-day moving average is $86.66. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 13.35 and a beta of 1.01.

Invesco KBW Bank ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a $0.4729 dividend. This represents a $1.89 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, June 22nd.

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.