Avalon Capital Management Purchases Shares of 36,341 Invesco KBW Bank ETF (NASDAQ:KBWB)

Avalon Capital Management acquired a new position in Invesco KBW Bank ETF (NASDAQ:KBWB) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 36,341 shares of the company’s stock, valued at approximately $2,375,000.

Several other hedge funds have also recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new stake in Invesco KBW Bank ETF during the third quarter worth approximately $29,000. Private Trust Co. NA boosted its holdings in shares of 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 in the last quarter. Synergy Asset Management LLC acquired a new stake in shares of Invesco KBW Bank ETF during the 4th quarter worth approximately $40,000. Thompson Investment Management Inc. bought a new stake in shares of Invesco KBW Bank ETF in the 4th quarter valued at $54,000. Finally, HM Payson & Co. acquired a new position in shares of Invesco KBW Bank ETF during the 3rd quarter valued at $68,000.

Invesco KBW Bank ETF Trading Down 0.5 %

NASDAQ:KBWB opened at $68.57 on Tuesday. Invesco KBW Bank ETF has a 12 month low of $48.73 and a 12 month high of $72.39. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 14.51 and a beta of 1.19. The firm has a fifty day simple moving average of $68.57 and a two-hundred day simple moving average of $64.48.

Invesco KBW Bank ETF Dividend Announcement

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