Miracle Mile Advisors LLC Has $459,000 Holdings in Invesco KBW Bank ETF (NASDAQ:KBWB)

Miracle Mile Advisors LLC lessened its position in Invesco KBW Bank ETF (NASDAQ:KBWBFree Report) by 97.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 9,325 shares of the company’s stock after selling 325,824 shares during the period. Miracle Mile Advisors LLC’s holdings in Invesco KBW Bank ETF were worth $459,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Varma Mutual Pension Insurance Co lifted its position in Invesco KBW Bank ETF by 599.0% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 5,800,272 shares of the company’s stock valued at $232,417,000 after acquiring an additional 4,970,485 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Invesco KBW Bank ETF by 101.2% during the first quarter. JPMorgan Chase & Co. now owns 40,812 shares of the company’s stock valued at $1,713,000 after buying an additional 3,573,636 shares during the last quarter. Sculptor Capital LP purchased a new position in shares of Invesco KBW Bank ETF during the first quarter valued at approximately $71,473,000. Bank of America Corp DE grew its holdings in Invesco KBW Bank ETF by 156.6% during the first quarter. Bank of America Corp DE now owns 1,042,911 shares of the company’s stock worth $43,771,000 after buying an additional 636,478 shares in the last quarter. Finally, Barclays PLC raised its position in Invesco KBW Bank ETF by 1,762.6% in the 3rd quarter. Barclays PLC now owns 383,339 shares of the company’s stock valued at $15,360,000 after buying an additional 362,758 shares during the last quarter.

Invesco KBW Bank ETF Price Performance

KBWB opened at $52.59 on Wednesday. Invesco KBW Bank ETF has a 1 year low of $36.19 and a 1 year high of $53.79. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 8.67 and a beta of 1.19. The firm’s fifty day moving average price is $50.14 and its two-hundred day moving average price is $45.74.

Invesco KBW Bank ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were issued a dividend of $0.4265 per share. This represents a $1.71 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Monday, March 18th.

About Invesco KBW Bank ETF

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Invesco KBW Bank ETF (NASDAQ:KBWB)

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.