Fairscale Capital LLC Makes New $272,000 Investment in Invesco KBW Bank ETF (NASDAQ:KBWB)

Fairscale Capital LLC bought a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,663 shares of the company’s stock, valued at approximately $272,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC lifted its position in Invesco KBW Bank ETF by 32.7% in the 4th quarter. Fisher Asset Management LLC now owns 1,593,175 shares of the company’s stock valued at $78,368,000 after purchasing an additional 392,919 shares during the last quarter. UBS Group AG raised its holdings in shares of Invesco KBW Bank ETF by 7.8% during the fourth quarter. UBS Group AG now owns 197,604 shares of the company’s stock valued at $9,720,000 after buying an additional 14,235 shares during the last quarter. GLOBALT Investments LLC GA acquired a new position in shares of Invesco KBW Bank ETF during the fourth quarter worth approximately $643,000. Wells Fargo & Company MN grew its holdings in Invesco KBW Bank ETF by 4.7% in the 4th quarter. Wells Fargo & Company MN now owns 494,060 shares of the company’s stock worth $24,303,000 after buying an additional 22,190 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in Invesco KBW Bank ETF in the 2nd quarter valued at approximately $1,306,000.

Invesco KBW Bank ETF Price Performance

Shares of Invesco KBW Bank ETF stock opened at $59.18 on Friday. Invesco KBW Bank ETF has a 1-year low of $36.51 and a 1-year high of $59.68. The business’s fifty day moving average price is $57.25 and its two-hundred day moving average price is $54.33. The company has a market capitalization of $1.71 billion, a P/E ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF 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.