Quantbot Technologies LP Acquires New Stake in Invesco KBW Bank ETF $KBWB

Quantbot Technologies LP purchased a new position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,000 shares of the company’s stock, valued at approximately $547,000.

A number of other hedge funds and other institutional investors have also modified their holdings of KBWB. JPMorgan Chase & Co. raised its stake in Invesco KBW Bank ETF by 77.4% in the third quarter. JPMorgan Chase & Co. now owns 6,215,823 shares of the company’s stock valued at $486,140,000 after buying an additional 2,712,112 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in Invesco KBW Bank ETF by 83.8% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,177,620 shares of the company’s stock worth $326,732,000 after acquiring an additional 1,905,000 shares during the period. Menora Mivtachim Holdings LTD. raised its position in shares of Invesco KBW Bank ETF by 107.4% in the second quarter. Menora Mivtachim Holdings LTD. now owns 3,085,450 shares of the company’s stock valued at $220,980,000 after buying an additional 1,597,450 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its holdings 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 valued at $312,979,000 after acquiring an additional 825,000 shares in the last quarter. Finally, Meitav Investment House Ltd. raised its stake in Invesco KBW Bank ETF by 1,409.0% in the third quarter. Meitav Investment House Ltd. now owns 610,455 shares of the company’s stock valued at $47,623,000 after purchasing an additional 570,000 shares in the last quarter.

Invesco KBW Bank ETF Stock Down 2.4%

KBWB opened at $79.09 on Monday. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11. Invesco KBW Bank ETF has a twelve month low of $51.13 and a twelve month high of $91.43. The company has a 50-day simple moving average of $85.85 and a 200 day simple moving average of $81.11.

Invesco KBW Bank ETF Cuts Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, December 22nd.

About Invesco KBW Bank ETF

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.