306,642 Shares in Invesco KBW Bank ETF (NASDAQ:KBWB) Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC acquired a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 306,642 shares of the company’s stock, valued at approximately $20,039,000. Invesco KBW Bank ETF accounts for 0.7% of Summit Trail Advisors LLC’s holdings, making the stock its 19th biggest holding. Summit Trail Advisors LLC owned 0.64% of Invesco KBW Bank ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Thompson Investment Management Inc. acquired a new position in shares of Invesco KBW Bank ETF in the fourth quarter worth $54,000. Wilmington Savings Fund Society FSB grew its stake in Invesco KBW Bank ETF by 6.4% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,385 shares of the company’s stock valued at $287,000 after purchasing an additional 264 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in Invesco KBW Bank ETF by 1,780,000.0% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,670,150 shares of the company’s stock worth $174,494,000 after purchasing an additional 2,670,000 shares during the last quarter. Financial Advocates Investment Management purchased a new stake in shares of Invesco KBW Bank ETF during the 4th quarter worth about $2,143,000. Finally, Robertson Stephens Wealth Management LLC lifted its holdings in shares of Invesco KBW Bank ETF by 1.7% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 10,504 shares of the company’s stock valued at $686,000 after buying an additional 173 shares during the last quarter.

Invesco KBW Bank ETF Stock Performance

Shares of NASDAQ KBWB opened at $70.57 on Tuesday. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. The business has a 50 day simple moving average of $68.19 and a 200 day simple moving average of $63.38. Invesco KBW Bank ETF has a 52 week low of $46.87 and a 52 week high of $72.39.

Invesco KBW Bank ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $0.3601 dividend. The ex-dividend date of this dividend was Monday, December 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.