40,000 Shares of Invesco KBW Bank ETF $KBWB Bought by CVS HEALTH Corp

CVS HEALTH Corp acquired a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 40,000 shares of the company’s stock, valued at approximately $3,489,000. Invesco KBW Bank ETF accounts for 0.8% of CVS HEALTH Corp’s investment portfolio, making the stock its 24th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Annex Advisory Services LLC bought a new stake in shares of Invesco KBW Bank ETF during the 3rd quarter valued at about $70,800,000. Envestnet Asset Management Inc. increased its holdings in Invesco KBW Bank ETF by 92.4% in the second quarter. Envestnet Asset Management Inc. now owns 194,141 shares of the company’s stock worth $18,051,000 after purchasing an additional 93,236 shares in the last quarter. 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 worth $15,984,000 after purchasing an additional 14,007 shares in the last quarter. Ayalon Insurance Comp Ltd. lifted its stake in Invesco KBW Bank ETF by 596.4% in the third quarter. Ayalon Insurance Comp Ltd. now owns 172,700 shares of the company’s stock valued at $15,065,000 after buying an additional 147,900 shares during the period. Finally, Valley Wealth Managers Inc. lifted its stake in Invesco KBW Bank ETF by 32.1% in the third quarter. Valley Wealth Managers Inc. now owns 134,591 shares of the company’s stock valued at $11,740,000 after buying an additional 32,687 shares during the period.

Invesco KBW Bank ETF Stock Performance

Invesco KBW Bank ETF stock opened at $90.15 on Thursday. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 12.89 and a beta of 1.05. Invesco KBW Bank ETF has a 52-week low of $74.33 and a 52-week high of $100.61. The stock’s 50 day moving average price is $89.99 and its two-hundred day moving average price is $89.04.

Invesco KBW Bank ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a dividend of $0.4601 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Monday, September 21st. This is a drop from Invesco KBW Bank ETF’s previous quarterly dividend of $0.4729.

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.