Invesco KBW Bank ETF $KBWB Stake Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 47.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,166,004 shares of the company’s stock after purchasing an additional 2,950,181 shares during the quarter. JPMorgan Chase & Co. owned 12.94% of Invesco KBW Bank ETF worth $772,603,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in KBWB. Two Sigma Investments LP lifted its stake in 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 purchasing an additional 1,168,848 shares during the last quarter. Temasek Holdings Private Ltd bought a new stake in Invesco KBW Bank ETF in the third quarter valued at $83,606,000. BNP Paribas Financial Markets bought a new stake in Invesco KBW Bank ETF in the fourth quarter valued at $72,072,000. Fisher Asset Management LLC lifted its stake in Invesco KBW Bank ETF by 9.3% in the fourth quarter. Fisher Asset Management LLC now owns 3,568,214 shares of the company’s stock valued at $300,765,000 after buying an additional 303,052 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Invesco KBW Bank ETF by 2,254.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 313,609 shares of the company’s stock valued at $26,434,000 after buying an additional 300,290 shares during the last quarter.

Invesco KBW Bank ETF Stock Performance

KBWB stock opened at $90.19 on Wednesday. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 13.35 and a beta of 1.02. Invesco KBW Bank ETF has a 1 year low of $65.40 and a 1 year high of $91.43. The stock’s fifty day moving average is $85.43 and its two-hundred day moving average is $84.13.

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 paid a $0.4898 dividend. 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 yield of 2.2%.

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.