Cibc World Market Inc. Invests $685,000 in Invesco KBW Bank ETF $KBWB

Cibc World Market Inc. acquired a new position in Invesco KBW Bank ETF (NASDAQ:KBWB) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,762 shares of the company’s stock, valued at approximately $685,000.

Several other hedge funds have also recently bought and sold shares of the company. Caprock Group LLC bought a new position in Invesco KBW Bank ETF in the 3rd quarter worth about $311,000. Krilogy Financial LLC bought a new position in Invesco KBW Bank ETF in the 3rd quarter worth approximately $6,139,000. Stratos Wealth Partners LTD. acquired a new stake in Invesco KBW Bank ETF in the 3rd quarter valued at approximately $868,000. Prospera Financial Services Inc bought a new stake in Invesco KBW Bank ETF during the 3rd quarter valued at $1,756,000. Finally, RFG Advisory LLC acquired a new position in Invesco KBW Bank ETF during the 3rd quarter worth $373,000.

Invesco KBW Bank ETF Stock Performance

NASDAQ:KBWB opened at $86.19 on Wednesday. The stock has a market cap of $6.10 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 $91.43. The business has a fifty day moving average of $86.29 and a 200-day moving average of $80.17.

Invesco KBW Bank ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid 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 of this dividend was Monday, December 22nd.

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.