Csenge Advisory Group Makes New Investment in Invesco KBW Bank ETF $KBWB

Csenge Advisory Group bought a new stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 53,131 shares of the company’s stock, valued at approximately $4,635,000. Csenge Advisory Group owned about 0.07% of Invesco KBW Bank ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Simplex Trading LLC increased its stake in Invesco KBW Bank ETF by 343.2% in the 3rd quarter. Simplex Trading LLC now owns 30,400 shares of the company’s stock worth $2,652,000 after purchasing an additional 42,900 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Invesco KBW Bank ETF by 51,280.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,138 shares of the company’s stock worth $447,000 after buying an additional 5,128 shares during the period. StoneX Group Inc. acquired a new position in shares of Invesco KBW Bank ETF in the third quarter worth about $1,347,000. Kestra Advisory Services LLC boosted its holdings in shares of Invesco KBW Bank ETF by 21.8% in 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 during the period. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Invesco KBW Bank ETF in the third quarter worth approximately $1,912,000.

Invesco KBW Bank ETF Price Performance

Invesco KBW Bank ETF stock opened at $89.66 on Wednesday. Invesco KBW Bank ETF has a fifty-two week low of $74.33 and a fifty-two week high of $100.61. The firm’s 50 day simple moving average is $90.08 and its 200-day simple moving average is $89.01. The company has a market cap of $6.64 billion, a P/E 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. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.84 dividend on an annualized basis and a yield of 2.1%. This is a negative change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.4729.

Invesco KBW Bank ETF 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.