Invesco KBW Bank ETF $KBWB Stock Purchased by RFG Holdings Inc.

RFG Holdings Inc. lifted its holdings in Invesco KBW Bank ETF (NASDAQ:KBWB) by 7.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 193,222 shares of the company’s stock after buying an additional 14,007 shares during the quarter. Invesco KBW Bank ETF makes up about 2.8% of RFG Holdings Inc.’s portfolio, making the stock its 10th biggest position. RFG Holdings Inc.’s holdings in Invesco KBW Bank ETF were worth $15,984,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Integrity Alliance LLC. bought a new position in Invesco KBW Bank ETF in the 3rd quarter valued at $2,265,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Invesco KBW Bank ETF in the third quarter worth $611,000. Choreo LLC lifted its position in shares of Invesco KBW Bank ETF by 9.8% during the third quarter. Choreo LLC now owns 3,014 shares of the company’s stock worth $263,000 after purchasing an additional 268 shares during the last quarter. Lynx Investment Advisory lifted its position in shares of Invesco KBW Bank ETF by 7.8% during the third quarter. Lynx Investment Advisory now owns 2,484 shares of the company’s stock worth $217,000 after purchasing an additional 179 shares during the last quarter. Finally, Latitude Advisors LLC purchased a new stake in shares of Invesco KBW Bank ETF during the third quarter valued at $166,000.

Invesco KBW Bank ETF Trading Down 0.5%

Shares of KBWB opened at $89.11 on Wednesday. The firm has a fifty day moving average price of $90.77 and a 200-day moving average price of $88.93. The firm has a market capitalization of $6.74 billion, a P/E ratio of 12.89 and a beta of 1.06. Invesco KBW Bank ETF has a 12-month low of $74.33 and a 12-month high of $100.61.

Invesco KBW Bank ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were issued a dividend of $0.4601 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, September 21st. This is a negative change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.4729.

Invesco KBW Bank ETF Company 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.