WESPAC Advisors SoCal LLC Buys 7,187 Shares of Invesco KBW Bank ETF $KBWB

WESPAC Advisors SoCal LLC raised its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 38.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,903 shares of the company’s stock after purchasing an additional 7,187 shares during the period. WESPAC Advisors SoCal LLC’s holdings in Invesco KBW Bank ETF were worth $2,026,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KBWB. Allworth Financial LP grew its stake in Invesco KBW Bank ETF by 59.4% in the 2nd quarter. Allworth Financial LP now owns 400 shares of the company’s stock valued at $29,000 after buying an additional 149 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Invesco KBW Bank ETF in the second quarter valued at about $31,000. AE Wealth Management LLC increased its stake in shares of Invesco KBW Bank ETF by 214.4% in the second quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock worth $33,000 after purchasing an additional 313 shares during the period. BTG Pactual Asset Management US LLC acquired a new position in shares of Invesco KBW Bank ETF during the 2nd quarter worth about $82,000. Finally, Comerica Bank boosted its stake in Invesco KBW Bank ETF by 58.3% during the 1st 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 period.

Invesco KBW Bank ETF Stock Up 1.7%

Shares of NASDAQ KBWB opened at $85.76 on Monday. Invesco KBW Bank ETF has a 12 month low of $51.13 and a 12 month high of $86.75. The company has a market cap of $6.07 billion, a P/E ratio of 13.35 and a beta of 1.11. The business’s 50 day moving average is $80.62 and its two-hundred day moving average is $76.97.

Invesco KBW Bank ETF Cuts Dividend

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

Invesco KBW Bank ETF Company 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.