LM Advisors LLC Purchases Shares of 4,000 Invesco KBW Bank ETF (NASDAQ:KBWB)

LM Advisors LLC acquired a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,000 shares of the company’s stock, valued at approximately $261,000.

A number of other hedge funds have also recently modified their holdings of the company. Private Trust Co. NA raised its holdings in shares of Invesco KBW Bank ETF by 88.7% during 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 in the last quarter. Synergy Asset Management LLC purchased a new position in Invesco KBW Bank ETF during the 4th quarter valued at $40,000. Thompson Investment Management Inc. bought a new position in Invesco KBW Bank ETF in the 4th quarter worth $54,000. 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. Finally, Finley Financial LLC bought a new stake in shares of Invesco KBW Bank ETF during the 4th quarter valued at about $156,000.

Invesco KBW Bank ETF Price Performance

Shares of NASDAQ KBWB opened at $63.50 on Friday. Invesco KBW Bank ETF has a 1 year low of $49.32 and a 1 year high of $72.39. The company’s 50-day moving average is $67.73 and its 200 day moving average is $65.48. The stock has a market capitalization of $3.79 billion, a P/E ratio of 13.06 and a beta of 1.18.

Invesco KBW Bank ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be given a $0.4118 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from Invesco KBW Bank ETF’s previous dividend of $0.36.

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.