Eastern Bank Takes $1.39 Million Position in Invesco KBW Bank ETF $KBWB

Eastern Bank bought a new position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,468 shares of the company’s stock, valued at approximately $1,388,000.

A number of other hedge funds have also added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in Invesco KBW Bank ETF by 77.4% in the third quarter. JPMorgan Chase & Co. now owns 6,215,823 shares of the company’s stock valued at $486,140,000 after buying an additional 2,712,112 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Invesco KBW Bank ETF by 83.8% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,177,620 shares of the company’s stock worth $326,732,000 after buying an additional 1,905,000 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its position in shares of Invesco KBW Bank ETF by 107.4% during the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 3,085,450 shares of the company’s stock worth $220,980,000 after buying an additional 1,597,450 shares during the period. Two Sigma Investments LP grew its position in shares of Invesco KBW Bank ETF by 2,620.7% during the 3rd quarter. Two Sigma Investments LP now owns 1,213,448 shares of the company’s stock worth $94,904,000 after buying an additional 1,168,848 shares during the period. Finally, Temasek Holdings Private Ltd bought a new stake in shares of Invesco KBW Bank ETF in the 3rd quarter valued at $83,606,000.

Invesco KBW Bank ETF Price Performance

Invesco KBW Bank ETF stock opened at $76.21 on Monday. The company has a market capitalization of $5.40 billion, a PE ratio of 13.35 and a beta of 1.11. Invesco KBW Bank ETF has a 12-month low of $51.13 and a 12-month high of $91.43. The firm’s fifty day moving average is $83.20 and its 200 day moving average is $81.18.

Invesco KBW Bank ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.4898 dividend. This represents a $1.96 annualized dividend and a yield of 2.6%. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Monday, March 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.