Renaissance Technologies LLC Acquires Shares of 22,300 Invesco KBW Bank ETF (NASDAQ:KBWB)

Renaissance Technologies LLC bought a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 22,300 shares of the company’s stock, valued at approximately $1,193,000. Renaissance Technologies LLC owned about 0.08% of Invesco KBW Bank ETF at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Trust Co. of Vermont grew its position in shares of Invesco KBW Bank ETF by 105.3% in the fourth quarter. Trust Co. of Vermont now owns 616 shares of the company’s stock valued at $30,000 after purchasing an additional 316 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of Invesco KBW Bank ETF in the fourth quarter valued at approximately $37,000. International Assets Investment Management LLC acquired a new position in shares of Invesco KBW Bank ETF in the second quarter valued at approximately $43,000. Lynx Investment Advisory acquired a new position in shares of Invesco KBW Bank ETF in the second quarter valued at approximately $121,000. Finally, Caprock Group LLC acquired a new position in shares of Invesco KBW Bank ETF in the first quarter valued at approximately $208,000.

Invesco KBW Bank ETF Trading Up 2.6 %

Invesco KBW Bank ETF stock opened at $58.76 on Friday. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a 12 month low of $36.51 and a 12 month high of $59.68. The stock’s 50 day moving average is $57.24 and its 200-day moving average is $54.82.

Invesco KBW Bank ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.424 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.70 dividend on an annualized basis and a yield of 2.89%. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40.

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.