Puff Wealth Management LLC Purchases New Position in Invesco KBW Bank ETF $KBWB

Puff Wealth Management LLC purchased a new stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,236 shares of the company’s stock, valued at approximately $1,138,000. Invesco KBW Bank ETF comprises approximately 1.2% of Puff Wealth Management LLC’s holdings, making the stock its 27th largest position.

Several other institutional investors have also added to or reduced their stakes in KBWB. FNY Investment Advisers LLC bought a new stake in Invesco KBW Bank ETF in the 2nd quarter worth approximately $104,000. Central Pacific Bank Trust Division bought a new position in shares of Invesco KBW Bank ETF during the 2nd quarter valued at approximately $2,153,000. City Center Advisors LLC boosted its position in shares of Invesco KBW Bank ETF by 2.3% during the 2nd quarter. City Center Advisors LLC now owns 8,567 shares of the company’s stock valued at $797,000 after acquiring an additional 189 shares during the last quarter. Eastern Bank grew its holdings in shares of Invesco KBW Bank ETF by 25.6% in the second quarter. Eastern Bank now owns 20,402 shares of the company’s stock valued at $1,897,000 after purchasing an additional 4,154 shares in the last quarter. Finally, J. R. Prunier Capital Management LLC grew its holdings in shares of Invesco KBW Bank ETF by 15.5% in the first quarter. J. R. Prunier Capital Management LLC now owns 6,814 shares of the company’s stock valued at $539,000 after purchasing an additional 912 shares in the last quarter.

Invesco KBW Bank ETF Stock Performance

Shares of KBWB opened at $97.61 on Friday. The stock has a market capitalization of $6.87 billion, a PE ratio of 13.35 and a beta of 1.02. The company’s fifty day moving average is $94.27 and its 200 day moving average is $87.58. Invesco KBW Bank ETF has a fifty-two week low of $71.82 and a fifty-two week high of $99.43.

Invesco KBW Bank ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.4729 dividend. This represents a $1.89 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, June 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.