Niles Investment Management LLC Makes New Investment in Invesco KBW Bank ETF $KBWB

Niles Investment Management LLC bought a new position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,300 shares of the company’s stock, valued at approximately $868,000. Invesco KBW Bank ETF comprises about 0.7% of Niles Investment Management LLC’s investment portfolio, making the stock its 17th largest holding.

Several other large investors also recently bought and sold shares of the stock. Allworth Financial LP grew its position in Invesco KBW Bank ETF by 31.5% during the 4th quarter. Allworth Financial LP now owns 522 shares of the company’s stock worth $44,000 after purchasing an additional 125 shares during the last quarter. Quadcap Wealth Management LLC grew its position in Invesco KBW Bank ETF by 0.4% during the 3rd quarter. Quadcap Wealth Management LLC now owns 55,017 shares of the company’s stock worth $4,303,000 after purchasing an additional 235 shares during the last quarter. City Center Advisors LLC boosted its holdings in shares of Invesco KBW Bank ETF by 3.6% in the 4th quarter. City Center Advisors LLC now owns 8,277 shares of the company’s stock valued at $698,000 after acquiring an additional 287 shares during the last quarter. Quattro Financial Advisors LLC boosted its holdings in shares of Invesco KBW Bank ETF by 0.7% in the 4th quarter. Quattro Financial Advisors LLC now owns 42,235 shares of the company’s stock valued at $3,560,000 after acquiring an additional 300 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Invesco KBW Bank ETF by 2.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,262 shares of the company’s stock valued at $1,202,000 after acquiring an additional 313 shares during the last quarter.

Invesco KBW Bank ETF Price Performance

KBWB stock opened at $92.60 on Friday. The firm’s fifty day simple moving average is $86.18 and its 200-day simple moving average is $84.39. The company has a market capitalization of $5.84 billion, a P/E ratio of 13.35 and a beta of 1.02. Invesco KBW Bank ETF has a 12 month low of $65.40 and a 12 month high of $93.04.

Invesco KBW Bank ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.4898 dividend. This is an increase 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 dividend yield of 2.1%.

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.