Astoria Portfolio Advisors LLC. Raises Position in Invesco KBW Bank ETF $KBWB

Astoria Portfolio Advisors LLC. lifted its holdings in Invesco KBW Bank ETF (NASDAQ:KBWB) by 87.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,611 shares of the company’s stock after purchasing an additional 33,942 shares during the quarter. Invesco KBW Bank ETF comprises about 1.4% of Astoria Portfolio Advisors LLC.’s portfolio, making the stock its 15th biggest position. Astoria Portfolio Advisors LLC.’s holdings in Invesco KBW Bank ETF were worth $6,045,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc acquired a new position in Invesco KBW Bank ETF during the 4th quarter valued at about $35,000. Allworth Financial LP boosted its holdings in Invesco KBW Bank ETF by 31.5% in the fourth quarter. Allworth Financial LP now owns 522 shares of the company’s stock worth $44,000 after acquiring an additional 125 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Invesco KBW Bank ETF by 970.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the company’s stock worth $45,000 after acquiring an additional 485 shares in the last quarter. High Point Wealth Management LLC purchased a new stake in shares of Invesco KBW Bank ETF during the fourth quarter worth about $57,000. Finally, Hollencrest Capital Management purchased a new stake in shares of Invesco KBW Bank ETF during the fourth quarter worth about $57,000.

Invesco KBW Bank ETF Stock Down 0.6%

KBWB opened at $92.64 on Friday. Invesco KBW Bank ETF has a 52-week low of $66.81 and a 52-week high of $95.05. The company has a market cap of $5.85 billion, a P/E ratio of 13.35 and a beta of 1.02. The firm’s 50-day moving average price is $87.15 and its 200-day moving average price is $84.84.

Invesco KBW Bank ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.4898 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.96 annualized dividend and a yield of 2.1%. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44.

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.