LPL Financial LLC Buys 111,420 Shares of Invesco KBW Bank ETF (NASDAQ:KBWB)

LPL Financial LLC boosted its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 47.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 346,539 shares of the company’s stock after purchasing an additional 111,420 shares during the quarter. LPL Financial LLC owned about 0.72% of Invesco KBW Bank ETF worth $22,646,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in KBWB. Private Trust Co. NA increased its stake in shares of Invesco KBW Bank ETF by 88.7% in the 3rd quarter. Private Trust Co. NA now owns 566 shares of the company’s stock valued at $33,000 after acquiring an additional 266 shares during the last quarter. FMR LLC increased its stake in Invesco KBW Bank ETF by 32.3% in the third quarter. FMR LLC now owns 2,108 shares of the company’s stock valued at $124,000 after purchasing an additional 515 shares in the last quarter. Flow Traders U.S. LLC raised its holdings in Invesco KBW Bank ETF by 44.6% in the third quarter. Flow Traders U.S. LLC now owns 7,748 shares of the company’s stock worth $454,000 after purchasing an additional 2,391 shares during the period. Quantinno Capital Management LP boosted its position in shares of Invesco KBW Bank ETF by 6.6% during the third quarter. Quantinno Capital Management LP now owns 26,158 shares of the company’s stock worth $1,533,000 after purchasing an additional 1,623 shares in the last quarter. Finally, Delos Wealth Advisors LLC grew its holdings in shares of Invesco KBW Bank ETF by 9.8% in the 3rd quarter. Delos Wealth Advisors LLC now owns 30,367 shares of the company’s stock valued at $1,780,000 after buying an additional 2,713 shares during the period.

Invesco KBW Bank ETF Trading Down 2.4 %

Shares of Invesco KBW Bank ETF stock opened at $61.95 on Monday. Invesco KBW Bank ETF has a 12 month low of $49.32 and a 12 month high of $72.39. The company has a market capitalization of $2.99 billion, a PE ratio of 13.06 and a beta of 1.19. The stock’s fifty day simple moving average is $67.57 and its 200 day simple moving average is $65.64.

Invesco KBW Bank ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a dividend of $0.4118 per share. The ex-dividend date was Monday, March 24th. This is a boost 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.