WESPAC Advisors SoCal LLC Has $2.03 Million Stock Holdings in Invesco KBW Bank ETF $KBWB

WESPAC Advisors SoCal LLC raised its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 38.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,903 shares of the company’s stock after acquiring an additional 7,187 shares during the period. WESPAC Advisors SoCal LLC’s holdings in Invesco KBW Bank ETF were worth $2,026,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KBWB. Comerica Bank raised its stake in shares of Invesco KBW Bank ETF by 58.3% in the first quarter. Comerica Bank now owns 1,189 shares of the company’s stock valued at $75,000 after purchasing an additional 438 shares in the last quarter. Ieq Capital LLC bought a new stake in Invesco KBW Bank ETF in the first quarter valued at about $201,000. Baird Financial Group Inc. acquired a new position in Invesco KBW Bank ETF in the first quarter worth about $1,656,000. Temasek Holdings Private Ltd bought a new position in Invesco KBW Bank ETF during the first quarter worth about $52,177,000. Finally, Jones Financial Companies Lllp lifted its stake in Invesco KBW Bank ETF by 130.5% during the first quarter. Jones Financial Companies Lllp now owns 6,630 shares of the company’s stock worth $416,000 after purchasing an additional 3,754 shares during the period.

Invesco KBW Bank ETF Trading Up 1.7%

KBWB stock opened at $85.76 on Monday. Invesco KBW Bank ETF has a 1-year low of $51.13 and a 1-year high of $86.75. The business’s 50 day moving average is $80.62 and its 200-day moving average is $76.97. The firm has a market cap of $6.07 billion, a P/E ratio of 13.35 and a beta of 1.11.

Invesco KBW Bank ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.4442 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date 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.