Horizon Investments LLC Takes Position in Invesco KBW Bank ETF (NASDAQ:KBWB)

Horizon Investments LLC bought a new position in Invesco KBW Bank ETF (NASDAQ:KBWB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 391,717 shares of the company’s stock, valued at approximately $25,599,000. Invesco KBW Bank ETF accounts for about 0.7% of Horizon Investments LLC’s holdings, making the stock its 21st biggest position. Horizon Investments LLC owned 0.81% of Invesco KBW Bank ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its position in shares of Invesco KBW Bank ETF by 88.7% in the third quarter. Private Trust Co. NA now owns 566 shares of the company’s stock valued at $33,000 after acquiring an additional 266 shares during the period. Synergy Asset Management LLC bought a new stake in shares of Invesco KBW Bank ETF in the fourth quarter worth about $40,000. Thompson Investment Management Inc. purchased a new position in Invesco KBW Bank ETF during the 4th quarter valued at about $54,000. FMR LLC increased its holdings in Invesco KBW Bank ETF by 32.3% during the 3rd quarter. FMR LLC now owns 2,108 shares of the company’s stock valued at $124,000 after purchasing an additional 515 shares during the period. Finally, Finley Financial LLC bought a new position in Invesco KBW Bank ETF during the 4th quarter valued at approximately $156,000.

Invesco KBW Bank ETF Stock Performance

Shares of KBWB stock opened at $62.31 on Tuesday. Invesco KBW Bank ETF has a fifty-two week low of $49.32 and a fifty-two week high of $72.39. The firm has a market cap of $3.01 billion, a P/E ratio of 12.76 and a beta of 1.19. The business’s 50 day moving average price is $68.20 and its 200-day moving average price is $65.28.

Invesco KBW Bank ETF Announces Dividend

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

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.