35,089 Invesco KBW Bank ETF $KBWB Shares Acquired by Crown Wealth Group LLC

Crown Wealth Group LLC boosted its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 1,244.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,909 shares of the company’s stock after acquiring an additional 35,089 shares during the period. Invesco KBW Bank ETF accounts for about 0.8% of Crown Wealth Group LLC’s portfolio, making the stock its 22nd biggest position. Crown Wealth Group LLC owned about 0.05% of Invesco KBW Bank ETF worth $3,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Robertson Stephens Wealth Management LLC raised its holdings in Invesco KBW Bank ETF by 1.6% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 13,301 shares of the company’s stock valued at $1,160,000 after acquiring an additional 212 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of Invesco KBW Bank ETF during the 3rd quarter worth $1,533,000. Banque Pictet & Cie SA acquired a new stake in shares of Invesco KBW Bank ETF during the 3rd quarter worth $1,265,000. Annex Advisory Services LLC bought a new position in shares of Invesco KBW Bank ETF in the third quarter worth $70,800,000. Finally, AdvisorNet Financial Inc increased its position in shares of Invesco KBW Bank ETF by 162.4% in the third quarter. AdvisorNet Financial Inc now owns 35,573 shares of the company’s stock worth $3,041,000 after purchasing an additional 22,018 shares during the period.

Invesco KBW Bank ETF Price Performance

KBWB stock traded down $0.93 during midday trading on Monday, reaching $85.85. The company had a trading volume of 3,127,155 shares, compared to its average volume of 2,045,747. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 13.35 and a beta of 1.05. The stock has a 50 day moving average price of $93.03 and a 200-day moving average price of $91.13. Invesco KBW Bank ETF has a 1-year low of $74.33 and a 1-year high of $100.61.

Invesco KBW Bank ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a dividend of $0.4601 per share. The ex-dividend date was Monday, September 21st. This is a negative change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.4729. This represents a $1.84 dividend on an annualized basis and a yield of 2.1%.

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.