Principal Financial Group Inc. Purchases Shares of 24,403 Invesco KBW Bank ETF (NASDAQ:KBWB)

Principal Financial Group Inc. acquired a new position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 24,403 shares of the company’s stock, valued at approximately $1,306,000.

Several other large investors also recently made changes to their positions in the stock. Trust Co. of Vermont boosted its stake in Invesco KBW Bank ETF by 105.3% in the 4th quarter. Trust Co. of Vermont now owns 616 shares of the company’s stock worth $30,000 after purchasing an additional 316 shares during the period. PNC Financial Services Group Inc. bought a new stake in shares of Invesco KBW Bank ETF in the fourth quarter valued at about $37,000. Lynx Investment Advisory acquired a new position in shares of Invesco KBW Bank ETF during the second quarter worth about $121,000. Caprock Group LLC bought a new position in shares of Invesco KBW Bank ETF during the first quarter worth about $208,000. Finally, Fifth Third Securities Inc. raised its position in Invesco KBW Bank ETF by 4.7% in the 2nd quarter. Fifth Third Securities Inc. now owns 4,214 shares of the company’s stock valued at $225,000 after buying an additional 191 shares during the last quarter.

Invesco KBW Bank ETF Stock Down 0.2 %

NASDAQ:KBWB opened at $56.05 on Friday. The company has a market cap of $1.62 billion, a P/E ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a twelve month low of $36.51 and a twelve month high of $59.68. The business has a 50 day moving average price of $56.84 and a two-hundred day moving average price of $53.95.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were issued a dividend of $0.3984 per share. This represents a $1.59 annualized dividend and a yield of 2.84%. The ex-dividend date was Monday, June 24th.

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.