WP Advisors LLC Buys 877 Shares of Invesco KBW Bank ETF $KBWB

WP Advisors LLC increased its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,352 shares of the company’s stock after purchasing an additional 877 shares during the quarter. Invesco KBW Bank ETF makes up approximately 1.8% of WP Advisors LLC’s portfolio, making the stock its 14th biggest holding. WP Advisors LLC owned 0.15% of Invesco KBW Bank ETF worth $6,686,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Allworth Financial LP grew its holdings in Invesco KBW Bank ETF by 59.4% during the second quarter. Allworth Financial LP now owns 400 shares of the company’s stock valued at $29,000 after purchasing an additional 149 shares during the period. Fifth Third Bancorp purchased a new position in shares of Invesco KBW Bank ETF during the 2nd quarter valued at $31,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Invesco KBW Bank ETF during the 1st quarter valued at $27,000. AE Wealth Management LLC grew its stake in shares of Invesco KBW Bank ETF by 214.4% during the 2nd quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock worth $33,000 after acquiring an additional 313 shares during the period. Finally, Comerica Bank grew its stake in shares of Invesco KBW Bank ETF by 58.3% during the 1st quarter. Comerica Bank now owns 1,189 shares of the company’s stock worth $75,000 after acquiring an additional 438 shares during the period.

Invesco KBW Bank ETF Stock Performance

Shares of Invesco KBW Bank ETF stock opened at $77.50 on Friday. Invesco KBW Bank ETF has a 52-week low of $51.13 and a 52-week high of $80.08. The stock’s 50-day simple moving average is $77.14 and its 200 day simple moving average is $72.61. The stock has a market capitalization of $5.74 billion, a P/E ratio of 13.35 and a beta of 1.11.

Invesco KBW Bank ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were given a $0.4515 dividend. This represents a $1.81 annualized dividend and a dividend yield of 2.3%. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, September 22nd.

About Invesco KBW Bank ETF

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.