Kestra Advisory Services LLC Has $1.45 Million Stock Holdings in Invesco KBW Bank ETF $KBWB

Kestra Advisory Services LLC boosted its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 81.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 18,303 shares of the company’s stock after buying an additional 8,206 shares during the quarter. Kestra Advisory Services LLC’s holdings in Invesco KBW Bank ETF were worth $1,448,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. North Star Investment Management Corp. bought a new stake in Invesco KBW Bank ETF in the first quarter valued at about $29,000. IFP Advisors Inc acquired a new stake in Invesco KBW Bank ETF in the fourth quarter worth $35,000. Private Wealth Management Group LLC bought a new position in shares of Invesco KBW Bank ETF during the first quarter worth $40,000. Allworth Financial LP grew its holdings in shares of Invesco KBW Bank ETF by 31.5% in the 4th quarter. Allworth Financial LP now owns 522 shares of the company’s stock valued at $44,000 after buying an additional 125 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Invesco KBW Bank ETF by 970.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the company’s stock valued at $45,000 after buying an additional 485 shares during the period.

Invesco KBW Bank ETF Stock Up 0.9%

KBWB opened at $96.86 on Wednesday. The stock has a market cap of $7.05 billion, a P/E ratio of 13.35 and a beta of 1.01. Invesco KBW Bank ETF has a 12 month low of $70.68 and a 12 month high of $98.97. The company has a fifty day simple moving average of $91.33 and a 200 day simple moving average of $86.66.

Invesco KBW Bank ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a $0.4729 dividend. This represents a $1.89 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, June 22nd.

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.