Valley Wealth Managers Inc. Purchases 72,820 Shares of Invesco KBW Bank ETF (NASDAQ:KBWB)

Valley Wealth Managers Inc. grew its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 55.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,122 shares of the company’s stock after acquiring an additional 72,820 shares during the period. Valley Wealth Managers Inc. owned 0.66% of Invesco KBW Bank ETF worth $11,905,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fifth Third Securities Inc. grew its holdings in Invesco KBW Bank ETF by 4.7% during the second quarter. Fifth Third Securities Inc. now owns 4,214 shares of the company’s stock worth $225,000 after purchasing an additional 191 shares during the period. Capital Performance Advisors LLP bought a new position in Invesco KBW Bank ETF during the third quarter worth about $29,000. International Assets Investment Management LLC bought a new position in Invesco KBW Bank ETF during the second quarter worth about $43,000. Addison Advisors LLC grew its holdings in Invesco KBW Bank ETF by 3.6% during the third quarter. Addison Advisors LLC now owns 28,194 shares of the company’s stock worth $1,652,000 after purchasing an additional 972 shares during the period. Finally, HM Payson & Co. bought a new position in Invesco KBW Bank ETF during the third quarter worth about $68,000.

Invesco KBW Bank ETF Trading Up 0.9 %

KBWB stock traded up $0.61 during mid-day trading on Friday, hitting $69.29. 81,248 shares of the company were exchanged, compared to its average volume of 849,072. The business has a 50 day simple moving average of $60.79 and a 200-day simple moving average of $57.02. The stock has a market capitalization of $2.12 billion, a PE ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a 1-year low of $41.98 and a 1-year high of $70.01.

Invesco KBW Bank ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.424 per share. The ex-dividend date was Monday, September 23rd. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40. This represents a $1.70 annualized dividend and a yield of 2.45%.

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.