Goldman Sachs Group Inc. Has $239.17 Million Stock Holdings in Invesco KBW Bank ETF $KBWB

Goldman Sachs Group Inc. increased its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 4.5% during the fourth quarter, HoldingsChannel reports. The fund owned 2,837,447 shares of the company’s stock after buying an additional 121,744 shares during the period. Goldman Sachs Group Inc.’s holdings in Invesco KBW Bank ETF were worth $239,168,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KBWB. JPMorgan Chase & Co. raised its holdings in shares of Invesco KBW Bank ETF by 77.4% during the third quarter. JPMorgan Chase & Co. now owns 6,215,823 shares of the company’s stock worth $486,140,000 after acquiring an additional 2,712,112 shares during the period. Two Sigma Investments LP raised its holdings in shares of Invesco KBW Bank ETF by 2,620.7% during the third quarter. Two Sigma Investments LP now owns 1,213,448 shares of the company’s stock worth $94,904,000 after acquiring an additional 1,168,848 shares during the period. Temasek Holdings Private Ltd acquired a new stake in shares of Invesco KBW Bank ETF during the third quarter worth $83,606,000. BNP Paribas Financial Markets acquired a new stake in shares of Invesco KBW Bank ETF during the fourth quarter worth $72,072,000. Finally, Fisher Asset Management LLC raised its holdings in shares of Invesco KBW Bank ETF by 9.3% during the fourth quarter. Fisher Asset Management LLC now owns 3,568,214 shares of the company’s stock worth $300,765,000 after acquiring an additional 303,052 shares during the period.

Invesco KBW Bank ETF Stock Down 0.9%

Shares of NASDAQ:KBWB opened at $89.56 on Friday. Invesco KBW Bank ETF has a 12 month low of $65.40 and a 12 month high of $91.43. The company’s fifty day simple moving average is $84.92 and its 200 day simple moving average is $83.86. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 13.35 and a beta of 1.02.

Invesco KBW Bank ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a dividend of $0.4898 per share. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.2%.

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.