Transamerica Financial Advisors Inc. Grows Stock Holdings in Invesco KBW Bank ETF (NASDAQ:KBWB)

Transamerica Financial Advisors Inc. increased its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 111.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 44,610 shares of the company’s stock after buying an additional 23,557 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Invesco KBW Bank ETF were worth $2,615,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Fifth Third Securities Inc. boosted its stake in shares of Invesco KBW Bank ETF by 4.7% in the second quarter. Fifth Third Securities Inc. now owns 4,214 shares of the company’s stock worth $225,000 after acquiring an additional 191 shares during the period. Private Trust Co. NA lifted its holdings in Invesco KBW Bank ETF by 88.7% in 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 in the last quarter. Capital Performance Advisors LLP purchased a new position in Invesco KBW Bank ETF in the 3rd quarter worth approximately $29,000. FMR LLC boosted its stake in Invesco KBW Bank ETF by 32.3% in the 3rd quarter. FMR LLC now owns 2,108 shares of the company’s stock worth $124,000 after purchasing an additional 515 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in Invesco KBW Bank ETF during the 2nd quarter valued at approximately $43,000.

Invesco KBW Bank ETF Stock Performance

Shares of Invesco KBW Bank ETF stock traded down $0.31 on Tuesday, hitting $71.02. 116,028 shares of the company traded hands, compared to its average volume of 858,609. The stock has a market capitalization of $2.17 billion, a P/E ratio of 10.69 and a beta of 1.19. The business has a 50-day simple moving average of $62.81 and a 200 day simple moving average of $57.97. Invesco KBW Bank ETF has a 52 week low of $41.98 and a 52 week 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. Shareholders of record on Monday, September 23rd were paid a $0.424 dividend. The ex-dividend date was Monday, September 23rd. This represents a $1.70 annualized dividend and a yield of 2.39%. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40.

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.