Spire Wealth Management Has $183,000 Stock Holdings in Invesco KBW Bank ETF (NASDAQ:KBWB)

Spire Wealth Management increased its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 371.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,793 shares of the company’s stock after acquiring an additional 2,200 shares during the quarter. Spire Wealth Management’s holdings in Invesco KBW Bank ETF were worth $183,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Private Trust Co. NA boosted its position in Invesco KBW Bank ETF by 88.7% during the 3rd quarter. Private Trust Co. NA now owns 566 shares of the company’s stock worth $33,000 after buying an additional 266 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Invesco KBW Bank ETF in the 3rd quarter worth approximately $29,000. FMR LLC lifted its position in shares of Invesco KBW Bank ETF by 32.3% in the 3rd quarter. FMR LLC now owns 2,108 shares of the company’s stock worth $124,000 after purchasing an additional 515 shares during the period. Synergy Asset Management LLC acquired a new position in shares of Invesco KBW Bank ETF in the 4th quarter worth approximately $40,000. Finally, Addison Advisors LLC lifted its position in shares of Invesco KBW Bank ETF by 3.6% in the 3rd quarter. Addison Advisors LLC now owns 28,194 shares of the company’s stock worth $1,652,000 after purchasing an additional 972 shares during the period.

Invesco KBW Bank ETF Stock Performance

Shares of NASDAQ KBWB opened at $71.70 on Friday. The company has a market capitalization of $3.46 billion, a P/E ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a 52-week low of $46.87 and a 52-week high of $72.39. The company’s 50 day moving average price is $68.18 and its 200-day moving average price is $63.21.

Invesco KBW Bank ETF Announces Dividend

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

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.