Invesco KBW Bank ETF $KBWB Shares Bought by Menora Mivtachim Holdings LTD.

Menora Mivtachim Holdings LTD. grew its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 107.4% in the second quarter, Holdings Channel.com reports. The fund owned 3,085,450 shares of the company’s stock after purchasing an additional 1,597,450 shares during the period. Invesco KBW Bank ETF makes up about 1.3% of Menora Mivtachim Holdings LTD.’s holdings, making the stock its 26th largest holding. Menora Mivtachim Holdings LTD.’s holdings in Invesco KBW Bank ETF were worth $220,980,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Helix Partners Management LP acquired a new stake in Invesco KBW Bank ETF in the second quarter valued at $2,507,000. PGIM Custom Harvest LLC boosted its position in shares of Invesco KBW Bank ETF by 16.6% in the 2nd quarter. PGIM Custom Harvest LLC now owns 49,132 shares of the company’s stock worth $3,519,000 after buying an additional 7,000 shares in the last quarter. Shepherd Financial Partners LLC acquired a new stake in Invesco KBW Bank ETF in the 2nd quarter valued at about $341,000. Fisher Asset Management LLC grew its stake in Invesco KBW Bank ETF by 14.5% in the 2nd quarter. Fisher Asset Management LLC now owns 2,991,470 shares of the company’s stock valued at $214,249,000 after acquiring an additional 379,830 shares during the last quarter. Finally, Leuthold Group LLC increased its holdings in Invesco KBW Bank ETF by 2.8% during the 2nd quarter. Leuthold Group LLC now owns 9,210 shares of the company’s stock valued at $660,000 after acquiring an additional 247 shares in the last quarter.

Invesco KBW Bank ETF Price Performance

Shares of NASDAQ KBWB opened at $82.25 on Wednesday. The firm’s 50-day moving average is $77.27 and its two-hundred day moving average is $74.57. The company has a market capitalization of $6.09 billion, a PE ratio of 13.35 and a beta of 1.11. Invesco KBW Bank ETF has a 12-month low of $51.13 and a 12-month high of $83.37.

Invesco KBW Bank ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were given a $0.4515 dividend. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.41. This represents a $1.81 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, September 22nd.

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.