Envestnet Portfolio Solutions Inc. Has $4.34 Million Stake in Invesco KBW Bank ETF $KBWB

Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 18.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 51,453 shares of the company’s stock after acquiring an additional 7,937 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Invesco KBW Bank ETF were worth $4,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fort Sheridan Advisors LLC bought a new stake in Invesco KBW Bank ETF in the 3rd quarter valued at $564,000. JPMorgan Chase & Co. increased its holdings in Invesco KBW Bank ETF by 77.4% in the 3rd 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. Altfest L J & Co. Inc. bought a new stake in Invesco KBW Bank ETF in the 4th quarter valued at $7,065,000. Independent Advisor Alliance bought a new stake in Invesco KBW Bank ETF in the 3rd quarter valued at $1,012,000. Finally, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management bought a new stake in Invesco KBW Bank ETF in the 3rd quarter valued at $9,933,000.

Invesco KBW Bank ETF Price Performance

Shares of Invesco KBW Bank ETF stock opened at $86.10 on Friday. The firm has a market capitalization of $5.43 billion, a PE ratio of 13.35 and a beta of 1.04. The company’s fifty day moving average price is $82.69 and its two-hundred day moving average price is $83.15. Invesco KBW Bank ETF has a 52-week low of $63.59 and a 52-week high of $91.43.

Invesco KBW Bank ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.4898 dividend. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.96 annualized dividend and a yield of 2.3%.

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.