BNP Paribas Financial Markets Acquires Shares of 855,044 Invesco KBW Bank ETF $KBWB

BNP Paribas Financial Markets acquired a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 855,044 shares of the company’s stock, valued at approximately $72,072,000. BNP Paribas Financial Markets owned about 1.21% of Invesco KBW Bank ETF as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of KBWB. UMB Bank n.a. bought a new position in Invesco KBW Bank ETF in the 3rd quarter valued at $31,000. IFP Advisors Inc bought a new position in shares of Invesco KBW Bank ETF during the 4th quarter worth $35,000. Allworth Financial LP grew its position in shares of Invesco KBW Bank ETF by 31.5% during the 4th quarter. Allworth Financial LP now owns 522 shares of the company’s stock worth $44,000 after buying an additional 125 shares in the last quarter. High Point Wealth Management LLC bought a new position in shares of Invesco KBW Bank ETF during the 4th quarter worth $57,000. Finally, Comerica Bank grew its position in shares of Invesco KBW Bank ETF by 58.3% during the 1st quarter. Comerica Bank now owns 1,189 shares of the company’s stock worth $75,000 after buying an additional 438 shares in the last quarter.

Invesco KBW Bank ETF Trading Down 0.3%

KBWB opened at $86.88 on Tuesday. Invesco KBW Bank ETF has a 12-month low of $64.54 and a 12-month high of $91.43. The business’s fifty day simple moving average is $84.09 and its 200-day simple moving average is $83.61. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 13.35 and a beta of 1.04.

Invesco KBW Bank ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.4898 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44.

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.