Sanctuary Advisors LLC Makes New $547,000 Investment in Invesco KBW Bank ETF (NASDAQ:KBWB)

Sanctuary Advisors LLC acquired a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,397 shares of the company’s stock, valued at approximately $547,000.

Other institutional investors also recently modified their holdings of the company. Trust Co. of Vermont increased its stake in 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 in the last quarter. PNC Financial Services Group Inc. bought a new stake in Invesco KBW Bank ETF in the 4th quarter valued at about $37,000. International Assets Investment Management LLC acquired a new position in Invesco KBW Bank ETF during the 2nd quarter worth approximately $43,000. Lynx Investment Advisory bought a new position in Invesco KBW Bank ETF in the second quarter worth approximately $121,000. Finally, Caprock Group LLC acquired a new stake in Invesco KBW Bank ETF in the first quarter valued at approximately $208,000.

Invesco KBW Bank ETF Stock Up 0.3 %

NASDAQ KBWB opened at $61.88 on Wednesday. Invesco KBW Bank ETF has a 52 week low of $36.51 and a 52 week high of $62.88. The business has a 50 day moving average price of $57.76 and a 200-day moving average price of $55.21. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.424 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Monday, September 23rd. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40.

About Invesco KBW Bank ETF

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.