JPMorgan Chase & Co. Has $61.75 Million Stock Holdings in Invesco KBW Bank ETF (NASDAQ:KBWB)

Posted by Defense World Staff on Jan 4th, 2025

JPMorgan Chase & Co. lowered its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB – Free Report) by 44.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,053,619 shares of the company’s stock after selling 827,259 shares during the quarter. JPMorgan Chase & Co. owned about 3.45% of Invesco KBW Bank ETF worth $61,753,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of Invesco KBW Bank ETF in the 3rd quarter valued at approximately $29,000. Private Trust Co. NA increased its holdings in shares of Invesco KBW Bank ETF by 88.7% in the third quarter. Private Trust Co. NA now owns 566 shares of the company’s stock valued at $33,000 after purchasing an additional 266 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Invesco KBW Bank ETF during the second quarter worth $43,000. HM Payson & Co. bought a new stake in Invesco KBW Bank ETF during the 3rd quarter worth about $68,000. Finally, FMR LLC raised its stake in shares of Invesco KBW Bank ETF by 32.3% during the third quarter. FMR LLC now owns 2,108 shares of the company’s stock worth $124,000 after buying an additional 515 shares during the last quarter.

Invesco KBW Bank ETF Stock Up 1.2 %

KBWB stock opened at $66.07 on Friday. Invesco KBW Bank ETF has a twelve month low of $46.53 and a twelve month high of $71.78. The business’s fifty day moving average is $67.34 and its 200-day moving average is $60.76. The company has a market cap of $2.02 billion, a P/E ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.3601 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.