Vermillion & White Wealth Management Group LLC Makes New Investment in Invesco KBW Bank ETF $KBWB

Vermillion & White Wealth Management Group LLC bought a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 50,024 shares of the company’s stock, valued at approximately $3,912,000. Invesco KBW Bank ETF comprises 2.2% of Vermillion & White Wealth Management Group LLC’s investment portfolio, making the stock its 10th biggest position.

Several other large investors have also modified their holdings of KBWB. Allworth Financial LP lifted its holdings in shares of Invesco KBW Bank ETF by 59.4% during the second quarter. Allworth Financial LP now owns 400 shares of the company’s stock worth $29,000 after purchasing an additional 149 shares during the period. City Center Advisors LLC raised its position in Invesco KBW Bank ETF by 2.7% during the 3rd quarter. City Center Advisors LLC now owns 7,990 shares of the company’s stock worth $625,000 after buying an additional 213 shares during the last quarter. Quadcap Wealth Management LLC raised its position in Invesco KBW Bank ETF by 0.4% during the 3rd quarter. Quadcap Wealth Management LLC now owns 55,017 shares of the company’s stock worth $4,303,000 after buying an additional 235 shares during the last quarter. Leuthold Group LLC lifted its stake in shares of Invesco KBW Bank ETF by 2.8% in the 2nd quarter. Leuthold Group LLC now owns 9,210 shares of the company’s stock worth $660,000 after acquiring an additional 247 shares during the period. Finally, Investment Management Corp VA ADV boosted its holdings in shares of Invesco KBW Bank ETF by 2.0% in the third quarter. Investment Management Corp VA ADV now owns 13,183 shares of the company’s stock valued at $1,031,000 after acquiring an additional 256 shares in the last quarter.

Invesco KBW Bank ETF Stock Up 0.8%

NASDAQ KBWB opened at $77.03 on Wednesday. The stock has a market capitalization of $5.45 billion, a P/E ratio of 13.35 and a beta of 1.11. Invesco KBW Bank ETF has a 52-week low of $51.13 and a 52-week high of $91.43. The firm has a 50-day moving average price of $84.66 and a 200 day moving average price of $81.15.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.4442 dividend. This represents a $1.78 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, December 22nd.

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.