Wharton Business Group LLC Grows Stake in Invesco KBW Bank ETF (NASDAQ:KBWB)

Wharton Business Group LLC increased its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 27.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,987,535 shares of the company’s stock after purchasing an additional 427,872 shares during the period. Invesco KBW Bank ETF accounts for about 5.2% of Wharton Business Group LLC’s investment portfolio, making the stock its 3rd largest holding. Wharton Business Group LLC owned 6.50% of Invesco KBW Bank ETF worth $116,489,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KBWB. Valley Wealth Managers Inc. grew its position in Invesco KBW Bank ETF by 55.9% in the third quarter. Valley Wealth Managers Inc. now owns 203,122 shares of the company’s stock worth $11,905,000 after buying an additional 72,820 shares during the last quarter. Addison Advisors LLC grew its holdings in shares of Invesco KBW Bank ETF by 3.6% during the 3rd quarter. Addison Advisors LLC now owns 28,194 shares of the company’s stock valued at $1,652,000 after acquiring an additional 972 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Invesco KBW Bank ETF during the 3rd quarter valued at $29,000. Hazlett Burt & Watson Inc. grew its holdings in shares of Invesco KBW Bank ETF by 17.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 16,542 shares of the company’s stock valued at $971,000 after acquiring an additional 2,461 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Invesco KBW Bank ETF by 712.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,114 shares of the company’s stock valued at $476,000 after acquiring an additional 7,115 shares in the last quarter.

Invesco KBW Bank ETF Trading Up 0.3 %

KBWB stock opened at $69.50 on Monday. The firm has a market cap of $2.12 billion, a PE ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a 1 year low of $41.98 and a 1 year high of $70.01. The company has a fifty day simple moving average of $61.26 and a 200 day simple moving average of $57.25.

Invesco KBW Bank ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.424 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.44%. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40.

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.