Mirae Asset Global Investments Co. Ltd. Purchases 10,224 Shares of Invesco KBW Bank ETF $KBWB

Mirae Asset Global Investments Co. Ltd. raised its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 82.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,612 shares of the company’s stock after purchasing an additional 10,224 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Invesco KBW Bank ETF were worth $1,768,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. purchased a new position in Invesco KBW Bank ETF in the 2nd quarter worth approximately $399,000. Hazlett Burt & Watson Inc. boosted its stake in Invesco KBW Bank ETF by 16.9% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 26,959 shares of the company’s stock valued at $1,933,000 after purchasing an additional 3,902 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Invesco KBW Bank ETF in the 2nd quarter worth $85,000. Franklin Resources Inc. bought a new stake in shares of Invesco KBW Bank ETF in the 2nd quarter worth $538,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Invesco KBW Bank ETF by 64.1% in the second quarter. Envestnet Asset Management Inc. now owns 240,411 shares of the company’s stock worth $17,218,000 after purchasing an additional 93,891 shares during the last quarter.

Invesco KBW Bank ETF Price Performance

Shares of NASDAQ:KBWB opened at $88.35 on Wednesday. Invesco KBW Bank ETF has a 1 year low of $51.13 and a 1 year high of $89.24. The company has a market cap of $6.20 billion, a P/E ratio of 13.35 and a beta of 1.11. The stock’s fifty day moving average price is $84.80 and its 200-day moving average price is $79.19.

Invesco KBW Bank ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.4442 per share. This represents a $1.78 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, December 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.