Wells Fargo & Company MN Raises Stock Holdings in Invesco KBW Bank ETF (NASDAQ:KBWB)

Wells Fargo & Company MN boosted its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 19.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 366,186 shares of the company’s stock after acquiring an additional 60,150 shares during the quarter. Wells Fargo & Company MN’s holdings in Invesco KBW Bank ETF were worth $23,930,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in KBWB. FMR LLC lifted its holdings in shares of Invesco KBW Bank ETF by 32.3% during the third 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. Y Intercept Hong Kong Ltd acquired a new stake in Invesco KBW Bank ETF during the 3rd quarter valued at approximately $272,000. Nomura Asset Management Co. Ltd. acquired a new stake in Invesco KBW Bank ETF during the 3rd quarter valued at approximately $2,901,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco KBW Bank ETF in the 3rd quarter valued at $242,000. Finally, City Center Advisors LLC acquired a new stake in shares of Invesco KBW Bank ETF in the fourth quarter worth $503,000.

Invesco KBW Bank ETF Price Performance

NASDAQ KBWB opened at $55.70 on Friday. Invesco KBW Bank ETF has a 1 year low of $49.32 and a 1 year high of $72.39. The company has a market capitalization of $3.19 billion, a PE ratio of 11.19 and a beta of 1.06. The company has a fifty day moving average of $64.38 and a 200 day moving average of $65.49.

Invesco KBW Bank ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.4118 per share. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Invesco KBW Bank ETF’s previous dividend of $0.36.

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.