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Northwestern Mutual Wealth Management Co. Boosts Stake in Invesco KBW Bank ETF (NASDAQ:KBWB)

Northwestern Mutual Wealth Management Co. lifted its stake in Invesco KBW Bank ETF (NASDAQ:KBWBGet Rating) by 1,848.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,559 shares of the company’s stock after purchasing an additional 1,479 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco KBW Bank ETF were worth $99,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Capital Analysts LLC purchased a new stake in Invesco KBW Bank ETF in the 4th quarter worth $33,000. Prospera Financial Services Inc purchased a new stake in Invesco KBW Bank ETF in the 1st quarter worth $34,000. Jones Financial Companies Lllp purchased a new stake in Invesco KBW Bank ETF in the 1st quarter worth $40,000. Clearstead Advisors LLC purchased a new stake in Invesco KBW Bank ETF in the 4th quarter worth $125,000. Finally, Geneos Wealth Management Inc. increased its stake in Invesco KBW Bank ETF by 7.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,468 shares of the company’s stock worth $167,000 after buying an additional 168 shares in the last quarter.

Invesco KBW Bank ETF Trading Down 3.3 %

Shares of KBWB stock opened at $55.39 on Friday. Invesco KBW Bank ETF has a 52-week low of $49.74 and a 52-week high of $76.47. The stock has a fifty day simple moving average of $54.67 and a two-hundred day simple moving average of $59.44.

Invesco KBW Bank ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 22nd were issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Tuesday, June 21st. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.34.

See Also

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