Avalon Capital Management Acquires New Holdings in Invesco KBW Bank ETF (NASDAQ:KBWB)

Avalon Capital Management bought a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 36,341 shares of the company’s stock, valued at approximately $2,375,000. Avalon Capital Management owned approximately 0.08% of Invesco KBW Bank ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Robertson Stephens Wealth Management LLC boosted its holdings in shares of Invesco KBW Bank ETF by 1.7% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 10,504 shares of the company’s stock valued at $686,000 after acquiring an additional 173 shares in the last quarter. Wilmington Savings Fund Society FSB raised its position in Invesco KBW Bank ETF by 6.4% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,385 shares of the company’s stock valued at $287,000 after purchasing an additional 264 shares during the last quarter. Private Trust Co. NA boosted its stake in shares of Invesco KBW Bank ETF by 88.7% during the third quarter. Private Trust Co. NA now owns 566 shares of the company’s stock valued at $33,000 after purchasing an additional 266 shares in the last quarter. Addison Advisors LLC boosted its stake in shares of Invesco KBW Bank ETF by 1.7% during the fourth quarter. Addison Advisors LLC now owns 28,679 shares of the company’s stock valued at $1,874,000 after purchasing an additional 485 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Invesco KBW Bank ETF during the third quarter worth about $29,000.

Invesco KBW Bank ETF Price Performance

Shares of NASDAQ KBWB opened at $68.57 on Tuesday. The company has a 50 day simple moving average of $68.57 and a 200 day simple moving average of $64.48. Invesco KBW Bank ETF has a 1 year low of $48.73 and a 1 year high of $72.39. The firm has a market cap of $3.31 billion, a PE ratio of 14.51 and a beta of 1.19.

Invesco KBW Bank ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.3601 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.