JPMorgan Chase & Co. raised its stake in Invesco KBW Bank ETF (NASDAQ:KBWB – Free Report) by 47.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,166,004 shares of the company’s stock after buying an additional 2,950,181 shares during the quarter. JPMorgan Chase & Co. owned 0.13% of Invesco KBW Bank ETF worth $772,603,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of KBWB. Comerica Bank increased its holdings in shares of Invesco KBW Bank ETF by 58.3% during the first quarter. Comerica Bank now owns 1,189 shares of the company’s stock valued at $75,000 after purchasing an additional 438 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Invesco KBW Bank ETF by 130.5% during the first quarter. Jones Financial Companies Lllp now owns 6,630 shares of the company’s stock valued at $416,000 after purchasing an additional 3,754 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Invesco KBW Bank ETF by 63.9% during the second quarter. NewEdge Advisors LLC now owns 6,546 shares of the company’s stock valued at $469,000 after purchasing an additional 2,553 shares during the period. Quantinno Capital Management LP increased its holdings in shares of Invesco KBW Bank ETF by 2.8% during the second quarter. Quantinno Capital Management LP now owns 41,976 shares of the company’s stock valued at $3,006,000 after purchasing an additional 1,139 shares during the period. Finally, BTG Pactual Asset Management US LLC acquired a new position in shares of Invesco KBW Bank ETF during the second quarter valued at $82,000.
Invesco KBW Bank ETF Stock Performance
Shares of KBWB opened at $90.19 on Wednesday. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of 13.35 and a beta of 1.02. Invesco KBW Bank ETF has a one year low of $65.40 and a one year high of $91.43. The stock’s fifty day moving average is $85.43 and its 200-day moving average is $84.13.
Invesco KBW Bank ETF Increases Dividend
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.
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