Wells Fargo & Company MN Acquires 60,150 Shares of Invesco KBW Bank ETF (NASDAQ:KBWB)

Wells Fargo & Company MN increased its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 19.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 366,186 shares of the company’s stock after acquiring an additional 60,150 shares during the period. Wells Fargo & Company MN owned approximately 0.76% of Invesco KBW Bank ETF worth $23,930,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Alliancebernstein L.P. purchased a new position in Invesco KBW Bank ETF during the fourth quarter worth $218,000. Hazlett Burt & Watson Inc. boosted its stake in shares of Invesco KBW Bank ETF by 18.6% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 19,613 shares of the company’s stock worth $1,285,000 after purchasing an additional 3,071 shares during the period. Delos Wealth Advisors LLC grew its holdings in Invesco KBW Bank ETF by 11.4% during the 4th quarter. Delos Wealth Advisors LLC now owns 33,842 shares of the company’s stock valued at $2,212,000 after purchasing an additional 3,475 shares during the last quarter. Transamerica Financial Advisors Inc. raised its position in Invesco KBW Bank ETF by 2.5% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 45,732 shares of the company’s stock worth $2,989,000 after purchasing an additional 1,122 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in Invesco KBW Bank ETF by 50.7% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 74,600 shares of the company’s stock worth $4,875,000 after purchasing an additional 25,100 shares during the period.

Invesco KBW Bank ETF Price Performance

Shares of NASDAQ:KBWB opened at $55.70 on Friday. The firm has a market capitalization of $3.19 billion, a PE ratio of 11.19 and a beta of 1.06. The business has a 50 day simple moving average of $64.38 and a two-hundred day simple moving average of $65.49. Invesco KBW Bank ETF has a 1 year low of $49.32 and a 1 year high of $72.39.

Invesco KBW Bank ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a dividend of $0.4118 per share. The ex-dividend date was Monday, March 24th. This is a boost from Invesco KBW Bank ETF’s previous dividend of $0.36.

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.