27,948 Shares in Invesco KBW Bank ETF $KBWB Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 27,948 shares of the company’s stock, valued at approximately $2,438,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Blume Capital Management Inc. purchased a new stake in Invesco KBW Bank ETF during the third quarter valued at about $35,000. Financial Management Professionals Inc. bought a new position in shares of Invesco KBW Bank ETF during the third quarter valued at about $922,000. Sowell Financial Services LLC increased its holdings in shares of Invesco KBW Bank ETF by 5.4% in the third quarter. Sowell Financial Services LLC now owns 16,987 shares of the company’s stock worth $1,482,000 after buying an additional 871 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new position in shares of Invesco KBW Bank ETF in the third quarter worth about $260,000. Finally, Magnus Financial Group LLC increased its holdings in shares of Invesco KBW Bank ETF by 3.4% in the third quarter. Magnus Financial Group LLC now owns 24,843 shares of the company’s stock worth $2,167,000 after buying an additional 820 shares during the period.

Invesco KBW Bank ETF Trading Down 1.9%

NASDAQ KBWB opened at $88.42 on Friday. Invesco KBW Bank ETF has a 1-year low of $74.33 and a 1-year high of $100.61. The stock has a 50-day moving average of $91.03 and a 200-day moving average of $88.89. The firm has a market cap of $6.57 billion, a PE ratio of 13.35 and a beta of 1.05.

Invesco KBW Bank ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a $0.4601 dividend. This is a decrease from Invesco KBW Bank ETF’s previous quarterly dividend of $0.4729. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.84 dividend on an annualized basis and a yield of 2.1%.

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.