UBS Group AG Has $8.57 Million Position in Invesco KBW Bank ETF (NASDAQ:KBWB)

UBS Group AG decreased its position in Invesco KBW Bank ETF (NASDAQ:KBWB – Get Rating) by 0.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 166,011 shares of the company’s stock after selling 401 shares during the period. UBS Group AG owned approximately 0.49% of Invesco KBW Bank ETF worth $8,569,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Phoenix Holdings Ltd. boosted its stake in Invesco KBW Bank ETF by 7.4% in the 3rd quarter. Phoenix Holdings Ltd. now owns 3,806,157 shares of the company’s stock worth $188,595,000 after purchasing an additional 263,000 shares during the period. Goldman Sachs Group Inc. lifted its position in Invesco KBW Bank ETF by 1.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,401,415 shares of the company’s stock worth $72,537,000 after buying an additional 17,100 shares in the last quarter. Sculptor Capital LP bought a new stake in Invesco KBW Bank ETF during the 1st quarter worth about $71,473,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in Invesco KBW Bank ETF by 0.6% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 884,988 shares of the company’s stock worth $45,681,000 after buying an additional 5,488 shares in the last quarter. Finally, Accredited Investors Inc. lifted its position in Invesco KBW Bank ETF by 13.7% during the 4th quarter. Accredited Investors Inc. now owns 584,852 shares of the company’s stock worth $30,190,000 after buying an additional 70,649 shares in the last quarter.

Invesco KBW Bank ETF Price Performance

Shares of NASDAQ:KBWB opened at $40.50 on Wednesday. The company’s 50-day moving average price is $40.95 and its two-hundred day moving average price is $47.49. Invesco KBW Bank ETF has a one year low of $36.19 and a one year high of $60.43. The stock has a market capitalization of $1.31 billion, a PE ratio of 8.67 and a beta of 1.19.

Invesco KBW Bank ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Tuesday, March 21st were issued a $0.334 dividend. The ex-dividend date of this dividend was Monday, March 20th. This represents a $1.34 annualized dividend and a yield of 3.30%.

Invesco KBW Bank ETF Company Profile

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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.