Permanent Capital Management LP Invests $700,000 in Invesco KBW Bank ETF $KBWB

Permanent Capital Management LP acquired a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 8,949 shares of the company’s stock, valued at approximately $700,000.

A number of other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. raised its position in Invesco KBW Bank ETF by 25.1% in the first quarter. Raymond James Financial Inc. now owns 141,806 shares of the company’s stock worth $8,901,000 after acquiring an additional 28,424 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco KBW Bank ETF by 303.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,973 shares of the company’s stock worth $438,000 after purchasing an additional 5,243 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Invesco KBW Bank ETF in the 1st quarter worth approximately $390,000. Comerica Bank lifted its stake in Invesco KBW Bank ETF by 58.3% during the first quarter. Comerica Bank now owns 1,189 shares of the company’s stock valued at $75,000 after purchasing an additional 438 shares during the last quarter. Finally, CreativeOne Wealth LLC bought a new stake in Invesco KBW Bank ETF during the first quarter worth approximately $562,000.

Invesco KBW Bank ETF Stock Performance

Invesco KBW Bank ETF stock opened at $86.37 on Monday. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11. Invesco KBW Bank ETF has a 1 year low of $51.13 and a 1 year high of $86.75. The firm’s 50 day moving average price is $79.70 and its two-hundred day moving average price is $76.32.

Invesco KBW Bank ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.4442 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, December 22nd.

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.