Invesco KBW Bank ETF $KBWB Stake Lessened by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. lessened its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 27.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,000 shares of the company’s stock after selling 25,000 shares during the period. Invesco KBW Bank ETF comprises about 0.9% of Banco BTG Pactual S.A.’s investment portfolio, making the stock its 29th largest position. Banco BTG Pactual S.A.’s holdings in Invesco KBW Bank ETF were worth $5,479,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fort Sheridan Advisors LLC bought a new stake in shares of Invesco KBW Bank ETF in the third quarter worth $564,000. JPMorgan Chase & Co. increased its stake in shares of Invesco KBW Bank ETF by 77.4% in the third quarter. JPMorgan Chase & Co. now owns 6,215,823 shares of the company’s stock worth $486,140,000 after buying an additional 2,712,112 shares during the last quarter. Altfest L J & Co. Inc. bought a new stake in Invesco KBW Bank ETF during the fourth quarter valued at $7,065,000. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management bought a new stake in Invesco KBW Bank ETF during the third quarter valued at $9,933,000. Finally, Quantbot Technologies LP bought a new stake in Invesco KBW Bank ETF during the third quarter valued at $547,000.

Invesco KBW Bank ETF Price Performance

KBWB stock opened at $91.05 on Friday. Invesco KBW Bank ETF has a 1-year low of $65.40 and a 1-year high of $91.43. The firm has a fifty day moving average price of $85.93 and a two-hundred day moving average price of $84.33. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 13.35 and a beta of 1.02.

Invesco KBW Bank ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.4898 per share. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. This represents a $1.96 annualized dividend and a yield of 2.2%.

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.