32,687 Invesco KBW Bank ETF $KBWB Shares Acquired by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. increased its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 32.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 134,591 shares of the company’s stock after buying an additional 32,687 shares during the quarter. Valley Wealth Managers Inc. owned about 0.19% of Invesco KBW Bank ETF worth $11,740,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Temasek Holdings Private Ltd boosted its stake in Invesco KBW Bank ETF by 86.1% during the 4th quarter. Temasek Holdings Private Ltd now owns 1,989,001 shares of the company’s stock worth $167,653,000 after purchasing an additional 920,001 shares during the period. Annex Advisory Services LLC raised its holdings in shares of Invesco KBW Bank ETF by 94.4% in the second quarter. Annex Advisory Services LLC now owns 756,328 shares of the company’s stock valued at $70,323,000 after buying an additional 367,271 shares during the last quarter. Polymer Capital Management HK LTD purchased a new stake in shares of Invesco KBW Bank ETF in the fourth quarter valued at about $12,896,000. Ayalon Insurance Comp Ltd. raised its holdings in shares of 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 last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Invesco KBW Bank ETF by 92.4% during the second quarter. Envestnet Asset Management Inc. now owns 194,141 shares of the company’s stock worth $18,051,000 after buying an additional 93,236 shares during the period.

Invesco KBW Bank ETF Stock Up 0.4%

NASDAQ KBWB opened at $87.60 on Friday. Invesco KBW Bank ETF has a 52-week low of $73.32 and a 52-week high of $100.61. The business’s 50-day moving average price is $94.14 and its 200 day moving average price is $90.72. The firm has a market cap of $6.21 billion, a P/E ratio of 13.35 and a beta of 1.05.

Invesco KBW Bank ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders 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 yield of 2.1%. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change 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.