Clal Insurance Enterprises Holdings Ltd Sells 514,000 Shares of Invesco KBW Bank ETF $KBWB

Clal Insurance Enterprises Holdings Ltd reduced its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 11.8% during the third quarter, Holdings Channel.com reports. The firm owned 3,856,000 shares of the company’s stock after selling 514,000 shares during the period. Invesco KBW Bank ETF accounts for about 2.3% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 10th biggest position. Clal Insurance Enterprises Holdings Ltd owned about 0.05% of Invesco KBW Bank ETF worth $301,578,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Invesco KBW Bank ETF by 77.4% during the 3rd 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. boosted its holdings in shares of Invesco KBW Bank ETF by 83.8% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,177,620 shares of the company’s stock valued at $326,732,000 after acquiring an additional 1,905,000 shares in the last quarter. Menora Mivtachim Holdings LTD. increased its stake in shares of Invesco KBW Bank ETF by 107.4% during the second quarter. Menora Mivtachim Holdings LTD. now owns 3,085,450 shares of the company’s stock valued at $220,980,000 after acquiring an additional 1,597,450 shares during the period. Meitav Investment House Ltd. increased its stake in shares of Invesco KBW Bank ETF by 1,409.0% during the third quarter. Meitav Investment House Ltd. now owns 610,455 shares of the company’s stock valued at $47,623,000 after acquiring an additional 570,000 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in Invesco KBW Bank ETF by 14.5% during the second quarter. Fisher Asset Management LLC now owns 2,991,470 shares of the company’s stock worth $214,249,000 after purchasing an additional 379,830 shares in the last quarter.

Invesco KBW Bank ETF Price Performance

KBWB opened at $81.86 on Friday. The business has a 50 day moving average price of $86.33 and a two-hundred day moving average price of $80.76. The company has a market capitalization of $5.80 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 $91.43.

Invesco KBW Bank ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors 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 yield of 2.2%. The ex-dividend date of this dividend was Monday, December 22nd.

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.