462,604 Shares in Invesco KBW Bank ETF (NASDAQ:KBWB) Acquired by Fiduciary Trust Co

Fiduciary Trust Co acquired a new position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 462,604 shares of the company’s stock, valued at approximately $27,113,000.

Several other institutional investors and hedge funds also recently modified their holdings of KBWB. Fifth Third Securities Inc. boosted its stake in shares of Invesco KBW Bank ETF by 4.7% during the 2nd quarter. Fifth Third Securities Inc. now owns 4,214 shares of the company’s stock worth $225,000 after buying an additional 191 shares during the last quarter. Private Trust Co. NA increased its position in shares of Invesco KBW Bank ETF by 88.7% during the 3rd quarter. Private Trust Co. NA now owns 566 shares of the company’s stock worth $33,000 after purchasing an additional 266 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Invesco KBW Bank ETF during the 3rd quarter worth approximately $29,000. FMR LLC boosted its holdings in shares of Invesco KBW Bank ETF by 32.3% in the 3rd quarter. FMR LLC now owns 2,108 shares of the company’s stock valued at $124,000 after buying an additional 515 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Invesco KBW Bank ETF in the 2nd quarter valued at about $43,000.

Invesco KBW Bank ETF Trading Down 0.1 %

KBWB opened at $71.05 on Thursday. The stock’s fifty day simple moving average is $63.34 and its 200 day simple moving average is $58.18. Invesco KBW Bank ETF has a 1-year low of $41.98 and a 1-year high of $71.78. The stock has a market cap of $2.17 billion, a PE ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.424 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Monday, September 23rd. 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.