Krilogy Financial LLC Buys New Holdings in Invesco KBW Bank ETF $KBWB

Krilogy Financial LLC bought a new position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 79,573 shares of the company’s stock, valued at approximately $6,139,000.

Several other institutional investors also recently bought and sold shares of the business. Comerica Bank boosted its position in Invesco KBW Bank ETF by 58.3% during the 1st quarter. Comerica Bank now owns 1,189 shares of the company’s stock worth $75,000 after purchasing an additional 438 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Invesco KBW Bank ETF by 130.5% during the first quarter. Jones Financial Companies Lllp now owns 6,630 shares of the company’s stock worth $416,000 after purchasing an additional 3,754 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Invesco KBW Bank ETF by 2.1% in the second quarter. Janney Montgomery Scott LLC now owns 14,086 shares of the company’s stock worth $1,009,000 after buying an additional 289 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of Invesco KBW Bank ETF by 133.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 55,166 shares of the company’s stock valued at $3,951,000 after buying an additional 31,512 shares in the last quarter. Finally, WealthPlan Investment Management LLC acquired a new stake in shares of Invesco KBW Bank ETF in the second quarter valued at about $227,000.

Invesco KBW Bank ETF Stock Down 1.0%

KBWB opened at $89.79 on Wednesday. The firm’s 50 day moving average is $85.86 and its 200-day moving average is $79.73. Invesco KBW Bank ETF has a 52-week low of $51.13 and a 52-week high of $91.44. The firm has a market capitalization of $6.36 billion, a P/E ratio of 13.35 and a beta of 1.11.

Invesco KBW Bank ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a $0.4442 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, December 22nd.

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.