Fiduciary Trust Co Invests $27.11 Million in Invesco KBW Bank ETF (NASDAQ:KBWB)

Fiduciary Trust Co purchased a new stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 462,604 shares of the company’s stock, valued at approximately $27,113,000. Fiduciary Trust Co owned about 1.51% of Invesco KBW Bank ETF as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fifth Third Securities Inc. raised its position in shares of Invesco KBW Bank ETF by 4.7% during 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 last quarter. Private Trust Co. NA increased its position in Invesco KBW Bank ETF by 88.7% in the third 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 period. Capital Performance Advisors LLP acquired a new stake in Invesco KBW Bank ETF in the third quarter worth about $29,000. FMR LLC raised its holdings in Invesco KBW Bank ETF by 32.3% during 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 last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Invesco KBW Bank ETF in the 2nd quarter valued at about $43,000.

Invesco KBW Bank ETF Stock Performance

Shares of KBWB stock opened at $71.05 on Thursday. The firm’s 50 day moving average price is $63.34 and its two-hundred day moving average price is $58.18. Invesco KBW Bank ETF has a 52-week low of $41.98 and a 52-week 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 declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.424 dividend. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40. This represents a $1.70 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Monday, September 23rd.

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.