Valley Wealth Managers Inc. Has $11.91 Million Stake in Invesco KBW Bank ETF (NASDAQ:KBWB)

Valley Wealth Managers Inc. increased its holdings in Invesco KBW Bank ETF (NASDAQ:KBWB) by 55.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 203,122 shares of the company’s stock after buying an additional 72,820 shares during the period. Valley Wealth Managers Inc.’s holdings in Invesco KBW Bank ETF were worth $11,905,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new position in Invesco KBW Bank ETF during the second quarter valued at approximately $547,000. Principal Financial Group Inc. acquired a new position in Invesco KBW Bank ETF during the second quarter valued at approximately $1,306,000. PVG Asset Management Corp acquired a new position in Invesco KBW Bank ETF during the second quarter valued at approximately $417,000. Delos Wealth Advisors LLC raised its position in 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 purchasing an additional 4,123 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in Invesco KBW Bank ETF by 1,752.4% during the first quarter. Cetera Investment Advisers now owns 96,919 shares of the company’s stock valued at $5,201,000 after purchasing an additional 91,687 shares in the last quarter.

Invesco KBW Bank ETF Stock Up 0.9 %

Shares of NASDAQ KBWB traded up $0.61 during midday trading on Friday, reaching $69.29. 81,248 shares of the company were exchanged, compared to its average volume of 849,072. The stock’s 50-day moving average price is $60.79 and its 200-day moving average price is $57.02. The stock has a market cap of $2.12 billion, a P/E ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a one year low of $41.98 and a one year high of $70.01.

Invesco KBW Bank ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders 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 2.45%. The ex-dividend date of this dividend was Monday, September 23rd. This is a boost 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.