Fisher Asset Management LLC Raises Stock Holdings in Invesco KBW Bank ETF (NASDAQ:KBWB)

Fisher Asset Management LLC raised its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 11.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,529,651 shares of the company’s stock after buying an additional 262,800 shares during the quarter. Fisher Asset Management LLC owned about 0.08% of Invesco KBW Bank ETF worth $148,263,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Fifth Third Securities Inc. lifted its position in Invesco KBW Bank ETF by 4.7% during the 2nd quarter. Fifth Third Securities Inc. now owns 4,214 shares of the company’s stock valued at $225,000 after acquiring an additional 191 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Invesco KBW Bank ETF during the third quarter valued at approximately $29,000. International Assets Investment Management LLC bought a new stake in shares of Invesco KBW Bank ETF in the 2nd quarter worth approximately $43,000. Addison Advisors LLC increased its position in Invesco KBW Bank ETF by 3.6% during the 3rd quarter. Addison Advisors LLC now owns 28,194 shares of the company’s stock valued at $1,652,000 after buying an additional 972 shares in the last quarter. Finally, HM Payson & Co. purchased a new position in Invesco KBW Bank ETF during the third quarter valued at $68,000.

Invesco KBW Bank ETF Price Performance

KBWB opened at $71.33 on Tuesday. Invesco KBW Bank ETF has a 1 year low of $41.98 and a 1 year high of $71.78. The stock has a 50-day moving average price of $62.81 and a 200-day moving average price of $57.97. The firm has a market cap of $2.18 billion, a PE ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.424 dividend. The ex-dividend date was Monday, September 23rd. This represents a $1.70 annualized dividend and a dividend yield of 2.38%. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40.

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.