54,941 Shares in Invesco KBW Bank ETF $KBWB Purchased by XP Advisory US Inc.

XP Advisory US Inc. bought a new position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 54,941 shares of the company’s stock, valued at approximately $5,108,000. Invesco KBW Bank ETF accounts for about 2.8% of XP Advisory US Inc.’s investment portfolio, making the stock its 6th largest holding. XP Advisory US Inc. owned approximately 0.08% of Invesco KBW Bank ETF at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Compass Financial Management LLC purchased a new stake in shares of Invesco KBW Bank ETF in the 2nd quarter valued at approximately $617,000. Quantitative Investment Management LLC purchased a new stake in shares of Invesco KBW Bank ETF during the 2nd quarter valued at approximately $5,564,000. Trust Co. of Vermont acquired a new position in Invesco KBW Bank ETF in the second quarter valued at approximately $129,000. Annex Advisory Services LLC lifted its holdings in Invesco KBW Bank ETF by 94.4% in the second quarter. Annex Advisory Services LLC now owns 756,328 shares of the company’s stock valued at $70,323,000 after acquiring an additional 367,271 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in Invesco KBW Bank ETF by 1.0% in the second quarter. Wealthcare Advisory Partners LLC now owns 87,489 shares of the company’s stock worth $8,135,000 after acquiring an additional 845 shares during the period.

Invesco KBW Bank ETF Stock Performance

Shares of Invesco KBW Bank ETF stock opened at $97.65 on Friday. The stock has a 50 day moving average of $96.58 and a 200 day moving average of $89.00. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 13.35 and a beta of 1.01. Invesco KBW Bank ETF has a fifty-two week low of $73.32 and a fifty-two week high of $100.61.

Invesco KBW Bank ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.4729 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.89 dividend on an annualized basis and a dividend yield of 1.9%.

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.