Axecap Investments LLC Purchases New Stake in Invesco KBW Bank ETF (NASDAQ:KBWB)

Axecap Investments LLC acquired a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,108 shares of the company’s stock, valued at approximately $634,000.

Several other large investors have also modified their holdings of KBWB. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Invesco KBW Bank ETF by 961.2% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,950,000 shares of the company’s stock worth $192,782,000 after buying an additional 2,672,000 shares in the last quarter. Horizon Investments LLC acquired a new position in Invesco KBW Bank ETF during the fourth quarter worth approximately $25,599,000. Fiduciary Trust Co raised its position in Invesco KBW Bank ETF by 61.1% in the 4th quarter. Fiduciary Trust Co now owns 745,392 shares of the company’s stock valued at $48,711,000 after purchasing an additional 282,788 shares during the last quarter. Guardian Partners Inc. acquired a new stake in shares of Invesco KBW Bank ETF during the fourth quarter worth about $18,296,000. Finally, Fisher Asset Management LLC lifted its position in Invesco KBW Bank ETF by 10.4% during the 4th quarter. Fisher Asset Management LLC now owns 2,792,499 shares of the company’s stock worth $182,490,000 after acquiring an additional 262,848 shares during the period.

Invesco KBW Bank ETF Stock Down 0.7%

Shares of NASDAQ:KBWB opened at $67.20 on Thursday. The company has a market cap of $3.90 billion, a P/E ratio of 12.26 and a beta of 1.19. The company has a 50-day moving average price of $61.86 and a 200 day moving average price of $65.42. Invesco KBW Bank ETF has a 52 week low of $51.13 and a 52 week high of $72.39.

Invesco KBW Bank ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a $0.4118 dividend. The ex-dividend date was Monday, March 24th. This is a positive change from Invesco KBW Bank ETF’s previous dividend of $0.36.

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.