LPL Financial LLC Has $22.65 Million Stake in Invesco KBW Bank ETF (NASDAQ:KBWB)

Posted by Editorial Team on Mar 31st, 2025

LPL Financial LLC lifted its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB – Free Report) by 47.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 346,539 shares of the company’s stock after purchasing an additional 111,420 shares during the quarter. LPL Financial LLC’s holdings in Invesco KBW Bank ETF were worth $22,646,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Private Advisor Group LLC acquired a new stake in Invesco KBW Bank ETF in the 4th quarter valued at $458,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco KBW Bank ETF in the fourth quarter valued at about $7,409,000. Jones Financial Companies Lllp raised its holdings in Invesco KBW Bank ETF by 143.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,876 shares of the company’s stock worth $188,000 after acquiring an additional 1,695 shares in the last quarter. Guardian Partners Inc. acquired a new position in Invesco KBW Bank ETF during the fourth quarter valued at approximately $18,296,000. Finally, FMR LLC grew its stake in Invesco KBW Bank ETF by 32.3% in the third quarter. FMR LLC now owns 2,108 shares of the company’s stock valued at $124,000 after purchasing an additional 515 shares in the last quarter.

Invesco KBW Bank ETF Stock Down 2.4 %

Shares of Invesco KBW Bank ETF stock opened at $61.95 on Monday. The stock has a market cap of $2.99 billion, a P/E ratio of 13.06 and a beta of 1.19. Invesco KBW Bank ETF has a 12-month low of $49.32 and a 12-month high of $72.39. The business’s 50 day moving average is $67.57 and its 200-day moving average is $65.64.

Invesco KBW Bank ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a dividend of $0.4118 per share. The ex-dividend date was Monday, March 24th. This is a positive change from Invesco KBW Bank ETF’s previous dividend of $0.36.

Invesco KBW Bank ETF Profile

(Free Report)

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.