Meitav Investment House Ltd. Purchases 570,000 Shares of Invesco KBW Bank ETF $KBWB

Meitav Investment House Ltd. lifted its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 1,409.0% during the third quarter, Holdings Channel.com reports. The firm owned 610,455 shares of the company’s stock after buying an additional 570,000 shares during the quarter. Meitav Investment House Ltd.’s holdings in Invesco KBW Bank ETF were worth $47,623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. increased its position in Invesco KBW Bank ETF by 64.8% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,595,000 shares of the company’s stock worth $400,714,000 after buying an additional 2,200,000 shares during the period. JPMorgan Chase & Co. increased its position in Invesco KBW Bank ETF by 117.7% during the second quarter. JPMorgan Chase & Co. now owns 3,503,711 shares of the company’s stock worth $250,936,000 after acquiring an additional 1,894,483 shares during the period. Menora Mivtachim Holdings LTD. raised its stake in Invesco KBW Bank ETF by 107.4% in the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 3,085,450 shares of the company’s stock worth $220,980,000 after purchasing an additional 1,597,450 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in Invesco KBW Bank ETF by 23.3% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 4,370,000 shares of the company’s stock worth $312,979,000 after purchasing an additional 825,000 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings 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 purchasing an additional 379,830 shares during the period.

Invesco KBW Bank ETF Trading Down 0.4%

NASDAQ KBWB opened at $86.14 on Friday. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11. Invesco KBW Bank ETF has a 1-year low of $51.13 and a 1-year high of $88.84. The company has a 50 day moving average of $82.62 and a 200-day moving average of $78.11.

Invesco KBW Bank ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.4442 per share. This represents a $1.78 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, December 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.