Wilmington Savings Fund Society FSB Purchases New Shares in Invesco KBW Bank ETF (NASDAQ:KBWB)

Wilmington Savings Fund Society FSB purchased a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,121 shares of the company’s stock, valued at approximately $242,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in Invesco KBW Bank ETF in the 3rd quarter valued at $29,000. Private Trust Co. NA grew its stake 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 valued at $33,000 after acquiring an additional 266 shares during the period. International Assets Investment Management LLC acquired a new stake in Invesco KBW Bank ETF in the 2nd quarter valued at $43,000. HM Payson & Co. acquired a new stake in Invesco KBW Bank ETF in the 3rd quarter valued at $68,000. Finally, FMR LLC grew 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 valued at $124,000 after acquiring an additional 515 shares during the period.

Invesco KBW Bank ETF Stock Performance

Shares of KBWB stock opened at $67.08 on Wednesday. The stock’s fifty day moving average is $66.37 and its two-hundred day moving average is $59.68. The firm has a market capitalization of $2.05 billion, a P/E ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a fifty-two week low of $46.53 and a fifty-two week high of $71.78.

Invesco KBW Bank ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.424 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.70 dividend on an annualized basis and a yield of 2.53%. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40.

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.