Nomura Asset Management Co. Ltd. Acquires Shares of 49,500 Invesco KBW Bank ETF (NASDAQ:KBWB)

Nomura Asset Management Co. Ltd. acquired a new position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 49,500 shares of the company’s stock, valued at approximately $2,901,000.

Several other hedge funds also recently made changes to their positions in KBWB. Capital Performance Advisors LLP purchased a new position in Invesco KBW Bank ETF in the third quarter worth $29,000. Private Trust Co. NA grew its stake 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 purchasing an additional 266 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Invesco KBW Bank ETF in the 2nd quarter valued at about $43,000. HM Payson & Co. acquired a new stake in shares of Invesco KBW Bank ETF in the third quarter valued at about $68,000. Finally, FMR LLC boosted its holdings in Invesco KBW Bank ETF by 32.3% during the third quarter. FMR LLC now owns 2,108 shares of the company’s stock worth $124,000 after buying an additional 515 shares in the last quarter.

Invesco KBW Bank ETF Price Performance

Shares of NASDAQ:KBWB opened at $67.81 on Friday. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. The business’s 50 day simple moving average is $66.02 and its 200-day simple moving average is $59.44. Invesco KBW Bank ETF has a 12 month low of $46.53 and a 12 month high of $71.78.

Invesco KBW Bank ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders 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 dividend yield of 2.50%. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, September 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.