Principal Financial Group Inc. Buys 15,809 Shares of Invesco KBW Bank ETF $KBWB

Principal Financial Group Inc. grew its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 36.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 59,032 shares of the company’s stock after acquiring an additional 15,809 shares during the period. Principal Financial Group Inc. owned 0.09% of Invesco KBW Bank ETF worth $4,671,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of KBWB. Allworth Financial LP raised its position in Invesco KBW Bank ETF by 31.5% in the fourth quarter. Allworth Financial LP now owns 522 shares of the company’s stock valued at $44,000 after purchasing an additional 125 shares during the last quarter. Quadcap Wealth Management LLC raised its holdings in Invesco KBW Bank ETF by 0.4% in the 3rd quarter. Quadcap Wealth Management LLC now owns 55,017 shares of the company’s stock valued at $4,303,000 after buying an additional 235 shares during the last quarter. Quattro Financial Advisors LLC raised its holdings in Invesco KBW Bank ETF by 0.7% in the 4th quarter. Quattro Financial Advisors LLC now owns 42,235 shares of the company’s stock valued at $3,560,000 after buying an additional 300 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Invesco KBW Bank ETF by 2.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 14,262 shares of the company’s stock worth $1,202,000 after buying an additional 313 shares during the period. Finally, Transamerica Financial Advisors LLC boosted its position in Invesco KBW Bank ETF by 0.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 37,427 shares of the company’s stock worth $3,155,000 after buying an additional 336 shares during the period.

Invesco KBW Bank ETF Stock Performance

Shares of NASDAQ KBWB opened at $96.98 on Wednesday. The firm has a 50 day moving average price of $92.61 and a two-hundred day moving average price of $87.01. The stock has a market cap of $6.90 billion, a P/E ratio of 13.35 and a beta of 1.01. Invesco KBW Bank ETF has a 52-week low of $70.68 and a 52-week high of $98.97.

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 paid a $0.4729 dividend. This represents a $1.89 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, June 22nd.

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.