Migdal Insurance & Financial Holdings Ltd. Has $182.38 Million Stock Holdings in Invesco KBW Bank ETF $KBWB

Migdal Insurance & Financial Holdings Ltd. lessened its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 41.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,163,750 shares of the company’s stock after selling 1,529,250 shares during the quarter. Invesco KBW Bank ETF makes up 1.6% of Migdal Insurance & Financial Holdings Ltd.’s holdings, making the stock its 21st largest position. Migdal Insurance & Financial Holdings Ltd.’s holdings in Invesco KBW Bank ETF were worth $182,382,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KBWB. Comerica Bank increased its stake in shares of Invesco KBW Bank ETF by 58.3% during the 1st quarter. Comerica Bank now owns 1,189 shares of the company’s stock worth $75,000 after purchasing an additional 438 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Invesco KBW Bank ETF by 130.5% during the 1st quarter. Jones Financial Companies Lllp now owns 6,630 shares of the company’s stock worth $416,000 after purchasing an additional 3,754 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Invesco KBW Bank ETF by 63.9% during the 2nd quarter. NewEdge Advisors LLC now owns 6,546 shares of the company’s stock worth $469,000 after purchasing an additional 2,553 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Invesco KBW Bank ETF by 2.8% during the 2nd quarter. Quantinno Capital Management LP now owns 41,976 shares of the company’s stock worth $3,006,000 after purchasing an additional 1,139 shares during the last quarter. Finally, BTG Pactual Asset Management US LLC acquired a new position in shares of Invesco KBW Bank ETF during the 2nd quarter worth $82,000.

Invesco KBW Bank ETF Stock Down 0.1%

Shares of KBWB opened at $87.65 on Wednesday. The company’s fifty day moving average is $81.97 and its 200-day moving average is $81.79. Invesco KBW Bank ETF has a 12 month low of $56.56 and a 12 month high of $91.43. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 13.35 and a beta of 1.04.

Invesco KBW Bank ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.4898 per share. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. The ex-dividend date was Monday, March 23rd. This represents a $1.96 annualized dividend and a dividend yield of 2.2%.

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.