Compass Financial Management LLC Makes New $617,000 Investment in Invesco KBW Bank ETF $KBWB

Compass Financial Management LLC purchased a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,438 shares of the company’s stock, valued at approximately $617,000.

A number of other hedge funds also recently made changes to their positions in KBWB. JPMorgan Chase & Co. boosted its position in shares of Invesco KBW Bank ETF by 47.5% during the 4th quarter. JPMorgan Chase & Co. now owns 9,166,004 shares of the company’s stock valued at $772,603,000 after acquiring an additional 2,950,181 shares in the last quarter. Fisher Asset Management LLC raised its position in Invesco KBW Bank ETF by 9.3% in the fourth quarter. Fisher Asset Management LLC now owns 3,568,214 shares of the company’s stock worth $300,765,000 after purchasing an additional 303,052 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Invesco KBW Bank ETF by 4.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,837,447 shares of the company’s stock worth $239,168,000 after purchasing an additional 121,744 shares in the last quarter. Temasek Holdings Private Ltd lifted its stake in Invesco KBW Bank ETF by 86.1% during the fourth quarter. Temasek Holdings Private Ltd now owns 1,989,001 shares of the company’s stock worth $167,653,000 after purchasing an additional 920,001 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in Invesco KBW Bank ETF by 2,620.7% during the third quarter. Two Sigma Investments LP now owns 1,213,448 shares of the company’s stock valued at $94,904,000 after purchasing an additional 1,168,848 shares in the last quarter.

Invesco KBW Bank ETF Stock Performance

NASDAQ KBWB opened at $95.62 on Monday. Invesco KBW Bank ETF has a 1-year low of $73.32 and a 1-year high of $100.61. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 13.35 and a beta of 1.02. The stock’s 50 day moving average is $95.99 and its two-hundred day moving average is $88.45.

Invesco KBW Bank ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors 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 yield of 2.0%.

Invesco KBW Bank ETF 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.