7,079 Shares in Invesco KBW Bank ETF $KBWB Purchased by Bank OZK

Bank OZK bought a new stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 7,079 shares of the company’s stock, valued at approximately $658,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Comerica Bank increased its position in Invesco KBW Bank ETF by 58.3% in the 1st quarter. Comerica Bank now owns 1,189 shares of the company’s stock worth $75,000 after buying an additional 438 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Invesco KBW Bank ETF by 130.5% in the first quarter. Jones Financial Companies Lllp now owns 6,630 shares of the company’s stock worth $416,000 after acquiring an additional 3,754 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Invesco KBW Bank ETF by 63.9% in the second quarter. NewEdge Advisors LLC now owns 6,546 shares of the company’s stock worth $469,000 after acquiring an additional 2,553 shares during the last quarter. Quantinno Capital Management LP increased its position in Invesco KBW Bank ETF by 2.8% during the second quarter. Quantinno Capital Management LP now owns 41,976 shares of the company’s stock worth $3,006,000 after acquiring an additional 1,139 shares during the period. Finally, BTG Pactual Asset Management US LLC bought a new position in Invesco KBW Bank ETF during the second quarter worth $82,000.

Invesco KBW Bank ETF Trading Down 1.1%

NASDAQ:KBWB traded down $1.03 during trading hours on Tuesday, hitting $96.62. 1,685,024 shares of the company traded hands, compared to its average volume of 1,934,180. Invesco KBW Bank ETF has a twelve month low of $73.32 and a twelve month high of $100.61. The firm has a 50-day moving average of $96.66 and a 200 day moving average of $89.11. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 13.35 and a beta of 1.01.

Invesco KBW Bank ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.4729 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.89 dividend on an annualized basis and a dividend yield of 2.0%.

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.