Niles Investment Management LLC purchased a new position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund purchased 10,300 shares of the company’s stock, valued at approximately $868,000. Invesco KBW Bank ETF makes up approximately 0.7% of Niles Investment Management LLC’s holdings, making the stock its 17th biggest position.
A number of other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Invesco KBW Bank ETF by 47.5% during the fourth quarter. JPMorgan Chase & Co. now owns 9,166,004 shares of the company’s stock worth $772,603,000 after buying an additional 2,950,181 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Invesco KBW Bank ETF by 9.3% during the fourth quarter. Fisher Asset Management LLC now owns 3,568,214 shares of the company’s stock worth $300,765,000 after buying an additional 303,052 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Invesco KBW Bank ETF by 4.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,837,447 shares of the company’s stock worth $239,168,000 after buying an additional 121,744 shares in the last quarter. Two Sigma Investments LP boosted its holdings in Invesco KBW Bank ETF by 2,620.7% during the third quarter. Two Sigma Investments LP now owns 1,213,448 shares of the company’s stock worth $94,904,000 after buying an additional 1,168,848 shares in the last quarter. Finally, Temasek Holdings Private Ltd purchased a new stake in Invesco KBW Bank ETF during the third quarter worth $83,606,000.
Invesco KBW Bank ETF Stock Performance
Shares of NASDAQ KBWB opened at $92.60 on Friday. The company’s fifty day moving average price is $86.18 and its 200 day moving average price is $84.39. Invesco KBW Bank ETF has a 1 year low of $65.40 and a 1 year high of $93.04. The company has a market capitalization of $5.84 billion, a PE ratio of 13.35 and a beta of 1.02.
Invesco KBW Bank ETF Increases Dividend
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.
Featured Stories
- Five stocks we like better than Invesco KBW Bank ETF
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
Want to see what other hedge funds are holding KBWB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco KBW Bank ETF (NASDAQ:KBWB – Free Report).
Receive News & Ratings for Invesco KBW Bank ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco KBW Bank ETF and related companies with MarketBeat.com's FREE daily email newsletter.
