StoneX Group Inc. Acquires 15,112 Shares of Invesco KBW Bank ETF $KBWB

StoneX Group Inc. bought a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,112 shares of the company’s stock, valued at approximately $1,347,000.

Several other institutional investors also recently made changes to their positions in the stock. Kestra Advisory Services LLC boosted its holdings in Invesco KBW Bank ETF by 21.8% during the third quarter. Kestra Advisory Services LLC now owns 63,102 shares of the company’s stock worth $5,504,000 after buying an additional 11,310 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in Invesco KBW Bank ETF during the third quarter worth about $1,912,000. Chicago Partners Investment Group LLC acquired a new position in Invesco KBW Bank ETF during the third quarter worth about $302,000. RFG Holdings Inc. increased its holdings in Invesco KBW Bank ETF by 7.8% in the third quarter. RFG Holdings Inc. now owns 193,222 shares of the company’s stock valued at $15,984,000 after buying an additional 14,007 shares in the last quarter. Finally, Integrity Alliance LLC. purchased a new position in Invesco KBW Bank ETF in the third quarter valued at about $2,265,000.

Invesco KBW Bank ETF Trading Up 2.5%

KBWB stock opened at $89.77 on Tuesday. The firm has a 50 day moving average of $90.20 and a 200-day moving average of $88.99. Invesco KBW Bank ETF has a 12-month low of $74.33 and a 12-month high of $100.61. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 12.89 and a beta of 1.05.

Invesco KBW Bank ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were paid a $0.4601 dividend. This represents a $1.84 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, September 21st. This is a decrease 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.