Quantbot Technologies LP Makes New $547,000 Investment in Invesco KBW Bank ETF $KBWB

Quantbot Technologies LP bought a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) during the third quarter, HoldingsChannel.com reports. The firm bought 7,000 shares of the company’s stock, valued at approximately $547,000.

A number of other institutional investors also recently modified their holdings of the business. Comerica Bank boosted its stake in Invesco KBW Bank ETF by 58.3% in the first quarter. Comerica Bank now owns 1,189 shares of the company’s stock valued at $75,000 after buying an additional 438 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Invesco KBW Bank ETF by 130.5% in the first quarter. Jones Financial Companies Lllp now owns 6,630 shares of the company’s stock worth $416,000 after acquiring an additional 3,754 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Invesco KBW Bank ETF by 21.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 110,795 shares of the company’s stock valued at $7,935,000 after purchasing an additional 19,536 shares in the last quarter. AE Wealth Management LLC grew its holdings in shares of Invesco KBW Bank ETF by 214.4% during the 2nd quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock valued at $33,000 after purchasing an additional 313 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Invesco KBW Bank ETF by 59.4% during the 2nd quarter. Allworth Financial LP now owns 400 shares of the company’s stock valued at $29,000 after purchasing an additional 149 shares during the last quarter.

Invesco KBW Bank ETF Price Performance

Shares of NASDAQ:KBWB opened at $79.09 on Monday. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11. The firm has a 50 day simple moving average of $85.85 and a 200 day simple moving average of $81.11. Invesco KBW Bank ETF has a one year low of $51.13 and a one year high of $91.43.

Invesco KBW Bank ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.4442 per share. The ex-dividend date was Monday, December 22nd. This represents a $1.78 annualized dividend and a dividend yield of 2.2%.

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.