Synergy Asset Management LLC Buys New Shares in Invesco KBW Bank ETF (NASDAQ:KBWB)

Synergy Asset Management LLC purchased a new position in Invesco KBW Bank ETF (NASDAQ:KBWB) during the 4th quarter, Holdings Channel reports. The firm purchased 615 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors and hedge funds also recently made changes to their positions in KBWB. Fisher Asset Management LLC grew its position in Invesco KBW Bank ETF by 11.6% during the third quarter. Fisher Asset Management LLC now owns 2,529,651 shares of the company’s stock worth $148,263,000 after buying an additional 262,800 shares in the last quarter. Wharton Business Group LLC lifted its position in shares of Invesco KBW Bank ETF by 27.4% in the 3rd quarter. Wharton Business Group LLC now owns 1,987,535 shares of the company’s stock worth $116,489,000 after acquiring an additional 427,872 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Invesco KBW Bank ETF by 129,166.7% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 620,480 shares of the company’s stock worth $40,548,000 after purchasing an additional 620,000 shares in the last quarter. Fiduciary Trust Co bought a new stake in shares of Invesco KBW Bank ETF during the third quarter valued at approximately $27,113,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Invesco KBW Bank ETF by 6.9% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 278,000 shares of the company’s stock valued at $16,294,000 after purchasing an additional 18,000 shares in the last quarter.

Invesco KBW Bank ETF Price Performance

Shares of KBWB stock opened at $71.10 on Friday. Invesco KBW Bank ETF has a one year low of $46.87 and a one year high of $72.03. The stock has a fifty day moving average price of $68.19 and a 200 day moving average price of $62.85. The stock has a market cap of $3.42 billion, a P/E ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a dividend of $0.3601 per share. 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.