Tranquilli Financial Advisor LLC Invests $282,000 in Invesco KBW Bank ETF (NASDAQ:KBWB)

Tranquilli Financial Advisor LLC purchased a new stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) during the fourth quarter, Holdings Channel.com reports. The firm purchased 4,320 shares of the company’s stock, valued at approximately $282,000.

Several other hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC acquired a new position in Invesco KBW Bank ETF in the 2nd quarter valued at approximately $547,000. Private Trust Co. NA increased its stake 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 worth $33,000 after acquiring an additional 266 shares during the last quarter. FMR LLC increased its stake in shares of Invesco KBW Bank ETF by 32.3% in the third quarter. FMR LLC now owns 2,108 shares of the company’s stock worth $124,000 after acquiring an additional 515 shares during the last quarter. Magnus Financial Group LLC raised its holdings in shares of Invesco KBW Bank ETF by 132.8% during the third quarter. Magnus Financial Group LLC now owns 12,292 shares of the company’s stock worth $720,000 after acquiring an additional 7,013 shares in the last quarter. Finally, RFG Holdings Inc. boosted its position in Invesco KBW Bank ETF by 4.3% during the third quarter. RFG Holdings Inc. now owns 202,888 shares of the company’s stock valued at $11,893,000 after purchasing an additional 8,353 shares during the last quarter.

Invesco KBW Bank ETF Price Performance

Shares of KBWB stock opened at $70.29 on Tuesday. The firm has a market cap of $3.38 billion, a P/E ratio of 10.69 and a beta of 1.19. Invesco KBW Bank ETF has a fifty-two week low of $46.87 and a fifty-two week high of $72.03. The stock’s 50-day moving average is $68.19 and its two-hundred day moving average is $62.91.

Invesco KBW Bank ETF Announces Dividend

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

Invesco KBW Bank ETF 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.