Independent Financial Group LLC Invests $605,000 in Invesco KBW Bank ETF $KBWB

Independent Financial Group LLC purchased a new stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,647 shares of the company’s stock, valued at approximately $605,000.

A number of other institutional investors also recently modified their holdings of KBWB. Allworth Financial LP grew its stake in Invesco KBW Bank ETF by 31.5% in the 4th quarter. Allworth Financial LP now owns 522 shares of the company’s stock valued at $44,000 after buying an additional 125 shares in the last quarter. Quadcap Wealth Management LLC raised its holdings in Invesco KBW Bank ETF by 0.4% during the 3rd quarter. Quadcap Wealth Management LLC now owns 55,017 shares of the company’s stock valued at $4,303,000 after acquiring an additional 235 shares during the period. Quattro Financial Advisors LLC lifted its position in shares of Invesco KBW Bank ETF by 0.7% during the fourth quarter. Quattro Financial Advisors LLC now owns 42,235 shares of the company’s stock worth $3,560,000 after acquiring an additional 300 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Invesco KBW Bank ETF by 2.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 14,262 shares of the company’s stock worth $1,202,000 after acquiring an additional 313 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its holdings in shares of Invesco KBW Bank ETF by 0.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 37,427 shares of the company’s stock worth $3,155,000 after acquiring an additional 336 shares during the period.

Invesco KBW Bank ETF Price Performance

Invesco KBW Bank ETF stock opened at $97.12 on Thursday. The firm has a market capitalization of $7.07 billion, a P/E ratio of 13.35 and a beta of 1.01. Invesco KBW Bank ETF has a one year low of $70.68 and a one year high of $98.97. The business has a fifty day moving average price of $91.60 and a 200-day moving average price of $86.75.

Invesco KBW Bank ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.4729 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.89 annualized dividend and a yield of 1.9%.

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.