Fisher Asset Management LLC Purchases 262,800 Shares of Invesco KBW Bank ETF (NASDAQ:KBWB)

Fisher Asset Management LLC boosted its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 11.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,529,651 shares of the company’s stock after acquiring an additional 262,800 shares during the period. Fisher Asset Management LLC owned 8.28% of Invesco KBW Bank ETF worth $148,263,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in shares of Invesco KBW Bank ETF in the second quarter worth about $547,000. Principal Financial Group Inc. bought a new stake in shares of Invesco KBW Bank ETF in the 2nd quarter worth approximately $1,306,000. PVG Asset Management Corp purchased a new position in shares of Invesco KBW Bank ETF during the second quarter valued at approximately $417,000. Delos Wealth Advisors LLC raised its holdings in shares of Invesco KBW Bank ETF by 17.5% during the second quarter. Delos Wealth Advisors LLC now owns 27,654 shares of the company’s stock valued at $1,479,000 after acquiring an additional 4,123 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in Invesco KBW Bank ETF by 1,752.4% in the first quarter. Cetera Investment Advisers now owns 96,919 shares of the company’s stock worth $5,201,000 after acquiring an additional 91,687 shares during the period.

Invesco KBW Bank ETF Stock Up 1.0 %

NASDAQ:KBWB opened at $71.33 on Tuesday. The firm’s fifty day simple moving average is $62.81 and its 200 day simple moving average is $57.97. The stock has a market cap of $2.18 billion, a P/E ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a twelve month low of $41.98 and a twelve month high of $71.78.

Invesco KBW Bank ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.424 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.70 annualized dividend and a dividend yield of 2.38%. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40.

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.