Invesco KBW Bank ETF $KBWB Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. reduced its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 34.0% in the 3rd quarter, Holdings Channel reports. The firm owned 3,693,000 shares of the company’s stock after selling 1,902,000 shares during the quarter. Invesco KBW Bank ETF accounts for about 3.1% of Migdal Insurance & Financial Holdings Ltd.’s portfolio, making the stock its 12th largest position. Migdal Insurance & Financial Holdings Ltd. owned 0.05% of Invesco KBW Bank ETF worth $288,830,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in shares of Invesco KBW Bank ETF by 59.4% during the second quarter. Allworth Financial LP now owns 400 shares of the company’s stock worth $29,000 after buying an additional 149 shares in the last quarter. Fifth Third Bancorp acquired a new position in Invesco KBW Bank ETF during the second quarter worth about $31,000. AE Wealth Management LLC grew its stake in Invesco KBW Bank ETF by 214.4% during the 2nd quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock valued at $33,000 after acquiring an additional 313 shares in the last quarter. Comerica Bank raised its holdings in Invesco KBW Bank ETF by 58.3% in the 1st quarter. Comerica Bank now owns 1,189 shares of the company’s stock valued at $75,000 after acquiring an additional 438 shares during the last quarter. Finally, BTG Pactual Asset Management US LLC purchased a new position in Invesco KBW Bank ETF in the 2nd quarter worth approximately $82,000.

Invesco KBW Bank ETF Price Performance

KBWB stock opened at $84.70 on Wednesday. Invesco KBW Bank ETF has a 1 year low of $51.13 and a 1 year high of $88.84. The firm has a market capitalization of $6.12 billion, a PE ratio of 13.35 and a beta of 1.11. The business has a 50 day simple moving average of $82.91 and a 200-day simple moving average of $78.30.

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 given a dividend of $0.4442 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.78 annualized dividend and a dividend yield of 2.1%.

Invesco KBW Bank ETF Company 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.