Robertson Stephens Wealth Management LLC Raises Holdings in Invesco KBW Bank ETF (NASDAQ:KBWB)

Robertson Stephens Wealth Management LLC boosted its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 1.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,504 shares of the company’s stock after purchasing an additional 173 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Invesco KBW Bank ETF were worth $686,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Private Trust Co. NA increased 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 buying an additional 266 shares during the period. Capital Performance Advisors LLP acquired a new position in Invesco KBW Bank ETF in the 3rd quarter worth approximately $29,000. FMR LLC increased its holdings 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 buying an additional 515 shares during the period. Synergy Asset Management LLC acquired a new position in Invesco KBW Bank ETF in the 4th quarter worth approximately $40,000. Finally, Addison Advisors LLC increased its holdings in Invesco KBW Bank ETF by 3.6% in the 3rd quarter. Addison Advisors LLC now owns 28,194 shares of the company’s stock worth $1,652,000 after buying an additional 972 shares during the period.

Invesco KBW Bank ETF Trading Down 0.7 %

Shares of NASDAQ:KBWB opened at $71.70 on Friday. Invesco KBW Bank ETF has a twelve month low of $46.87 and a twelve month high of $72.39. The company’s 50 day moving average is $68.18 and its 200 day moving average is $63.21. The company has a market cap of $3.46 billion, a PE ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $0.3601 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.