4,345,132 Shares in Invesco KBW Bank ETF $KBWB Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC purchased a new stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,345,132 shares of the company’s stock, valued at approximately $379,026,000. Fisher Asset Management LLC owned 5.67% of Invesco KBW Bank ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of KBWB. Blume Capital Management Inc. bought a new stake in shares of Invesco KBW Bank ETF in the third quarter worth $35,000. Allworth Financial LP lifted its holdings in Invesco KBW Bank ETF by 25.0% in the second quarter. Allworth Financial LP now owns 665 shares of the company’s stock valued at $62,000 after acquiring an additional 133 shares during the period. Jacobi Capital Management LLC bought a new position in Invesco KBW Bank ETF in the third quarter valued at about $93,000. FNY Investment Advisers LLC bought a new position in Invesco KBW Bank ETF in the second quarter valued at about $104,000. Finally, Trust Co. of Vermont purchased a new position in Invesco KBW Bank ETF in the second quarter worth about $129,000.

Invesco KBW Bank ETF Stock Down 0.6%

Invesco KBW Bank ETF stock opened at $89.64 on Friday. The business has a 50-day simple moving average of $89.86 and a two-hundred day simple moving average of $89.06. 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 has a 52-week low of $74.33 and a 52-week high of $100.61.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were issued a $0.4601 dividend. 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. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.1%.

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.