Invesco KBW Bank ETF (NASDAQ:KBWB) Shares Acquired by Magnus Financial Group LLC

Magnus Financial Group LLC increased its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 18.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,778 shares of the company’s stock after purchasing an additional 2,737 shares during the period. Magnus Financial Group LLC’s holdings in Invesco KBW Bank ETF were worth $1,116,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Pinnacle Wealth Management Group Inc. acquired a new position in Invesco KBW Bank ETF in the first quarter worth about $2,073,000. Juncture Wealth Strategies LLC raised its holdings in shares of Invesco KBW Bank ETF by 67.2% during the first quarter. Juncture Wealth Strategies LLC now owns 13,811 shares of the company’s stock valued at $867,000 after buying an additional 5,551 shares during the last quarter. Harbor Investment Advisory LLC bought a new stake in shares of Invesco KBW Bank ETF during the first quarter valued at approximately $220,000. AdvisorNet Financial Inc bought a new stake in shares of Invesco KBW Bank ETF during the first quarter valued at approximately $848,000. Finally, Webster Bank N. A. bought a new stake in shares of Invesco KBW Bank ETF during the first quarter valued at approximately $54,000.

Invesco KBW Bank ETF Price Performance

Shares of NASDAQ:KBWB opened at $67.32 on Friday. Invesco KBW Bank ETF has a 12 month low of $51.13 and a 12 month high of $72.39. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 12.26 and a beta of 1.19. The stock’s 50 day moving average price is $61.47 and its 200 day moving average price is $65.48.

Invesco KBW Bank ETF Increases Dividend

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

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.