Polymer Capital Management HK LTD Invests $12.90 Million in Invesco KBW Bank ETF $KBWB

Polymer Capital Management HK LTD bought a new position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 153,000 shares of the company’s stock, valued at approximately $12,896,000. Invesco KBW Bank ETF makes up about 1.8% of Polymer Capital Management HK LTD’s holdings, making the stock its 13th biggest position. Polymer Capital Management HK LTD owned about 0.22% of Invesco KBW Bank ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of KBWB. Comerica Bank lifted its holdings in shares of Invesco KBW Bank ETF by 58.3% during the first quarter. Comerica Bank now owns 1,189 shares of the company’s stock worth $75,000 after buying an additional 438 shares in the last quarter. Jones Financial Companies Lllp grew its position in 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 valued at $416,000 after acquiring an additional 3,754 shares during the last quarter. NewEdge Advisors LLC grew its position in Invesco KBW Bank ETF by 63.9% in the second quarter. NewEdge Advisors LLC now owns 6,546 shares of the company’s stock valued at $469,000 after acquiring an additional 2,553 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of Invesco KBW Bank ETF by 2.8% during the second quarter. Quantinno Capital Management LP now owns 41,976 shares of the company’s stock worth $3,006,000 after purchasing an additional 1,139 shares during the last quarter. Finally, BTG Pactual Asset Management US LLC bought a new stake in shares of Invesco KBW Bank ETF during the second quarter worth about $82,000.

Invesco KBW Bank ETF Trading Up 1.7%

NASDAQ:KBWB opened at $92.60 on Friday. The stock has a market cap of $5.84 billion, a P/E ratio of 13.35 and a beta of 1.02. The stock’s 50-day moving average is $86.18 and its 200-day moving average is $84.39. Invesco KBW Bank ETF has a 1-year low of $65.40 and a 1-year high of $93.04.

Invesco KBW Bank ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.4898 dividend. The ex-dividend date was Monday, March 23rd. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. This represents a $1.96 annualized dividend and a yield of 2.1%.

About Invesco KBW Bank ETF

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.