Horizon Investments LLC Makes New $25.60 Million Investment in Invesco KBW Bank ETF (NASDAQ:KBWB)

Horizon Investments LLC bought a new position in Invesco KBW Bank ETF (NASDAQ:KBWB) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 391,717 shares of the company’s stock, valued at approximately $25,599,000. Invesco KBW Bank ETF makes up approximately 0.7% of Horizon Investments LLC’s portfolio, making the stock its 21st largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wharton Business Group LLC increased its holdings in shares of Invesco KBW Bank ETF by 27.4% in the 3rd quarter. Wharton Business Group LLC now owns 1,987,535 shares of the company’s stock worth $116,489,000 after purchasing an additional 427,872 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its position in Invesco KBW Bank ETF by 6.9% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 278,000 shares of the company’s stock worth $16,294,000 after buying an additional 18,000 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Invesco KBW Bank ETF by 11.6% during the 3rd quarter. Fisher Asset Management LLC now owns 2,529,651 shares of the company’s stock valued at $148,263,000 after acquiring an additional 262,800 shares during the last quarter. DRW Securities LLC bought a new stake in shares of Invesco KBW Bank ETF in the third quarter worth approximately $360,000. Finally, Private Trust Co. NA lifted its position in Invesco KBW Bank ETF by 88.7% during the third quarter. Private Trust Co. NA now owns 566 shares of the company’s stock valued at $33,000 after purchasing an additional 266 shares during the period.

Invesco KBW Bank ETF Trading Up 0.8 %

NASDAQ:KBWB opened at $62.31 on Tuesday. The company has a 50 day simple moving average of $68.20 and a two-hundred day simple moving average of $65.28. The company has a market cap of $3.01 billion, a PE ratio of 12.76 and a beta of 1.19. Invesco KBW Bank ETF has a 12 month low of $49.32 and a 12 month high of $72.39.

Invesco KBW Bank ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a dividend of $0.3601 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.