Integrated Wealth Concepts LLC Has $345,000 Position in Invesco KBW Bank ETF (NASDAQ:KBWB)

Integrated Wealth Concepts LLC grew its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,283 shares of the company’s stock after acquiring an additional 324 shares during the period. Integrated Wealth Concepts LLC’s holdings in Invesco KBW Bank ETF were worth $345,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Synergy Asset Management LLC acquired a new stake in Invesco KBW Bank ETF in the fourth quarter valued at approximately $40,000. Thompson Investment Management Inc. acquired a new stake in shares of Invesco KBW Bank ETF in the 4th quarter valued at $54,000. Finley Financial LLC acquired a new position in Invesco KBW Bank ETF during the fourth quarter worth $156,000. Spire Wealth Management raised its holdings in Invesco KBW Bank ETF by 371.0% during the fourth quarter. Spire Wealth Management now owns 2,793 shares of the company’s stock valued at $183,000 after buying an additional 2,200 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Invesco KBW Bank ETF by 143.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,876 shares of the company’s stock worth $188,000 after buying an additional 1,695 shares during the last quarter.

Invesco KBW Bank ETF Stock Performance

KBWB opened at $62.65 on Friday. The firm has a market cap of $3.64 billion, a P/E ratio of 11.19 and a beta of 1.19. The business has a 50 day moving average price of $60.80 and a 200 day moving average price of $65.43. Invesco KBW Bank ETF has a twelve month low of $51.13 and a twelve month high of $72.39.

Invesco KBW Bank ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a $0.4118 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Invesco KBW Bank ETF’s previous dividend of $0.36.

Invesco KBW Bank ETF Company 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.