Principal Financial Group Inc. Has $4.67 Million Stock Holdings in Invesco KBW Bank ETF $KBWB

Principal Financial Group Inc. boosted its holdings in Invesco KBW Bank ETF (NASDAQ:KBWB) by 36.6% in the first quarter, HoldingsChannel reports. The firm owned 59,032 shares of the company’s stock after purchasing an additional 15,809 shares during the period. Principal Financial Group Inc.’s holdings in Invesco KBW Bank ETF were worth $4,671,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. North Star Investment Management Corp. acquired a new position in shares of Invesco KBW Bank ETF during the first quarter valued at about $29,000. IFP Advisors Inc bought a new stake in Invesco KBW Bank ETF during the 4th quarter valued at $35,000. Private Wealth Management Group LLC acquired a new position in 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% during the fourth 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 last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Invesco KBW Bank ETF by 970.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the company’s stock worth $45,000 after acquiring an additional 485 shares in the last quarter.

Invesco KBW Bank ETF Price Performance

KBWB opened at $96.98 on Wednesday. Invesco KBW Bank ETF has a fifty-two week low of $70.68 and a fifty-two week high of $98.97. The firm has a market capitalization of $6.90 billion, a PE ratio of 13.35 and a beta of 1.01. The company’s 50-day moving average is $92.61 and its 200 day moving average is $87.01.

Invesco KBW Bank ETF Dividend Announcement

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

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.