Clal Insurance Enterprises Holdings Ltd Sells 1,594,000 Shares of Invesco KBW Bank ETF $KBWB

Clal Insurance Enterprises Holdings Ltd decreased its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 41.3% in the 4th quarter, HoldingsChannel reports. The firm owned 2,262,000 shares of the company’s stock after selling 1,594,000 shares during the quarter. Invesco KBW Bank ETF accounts for 1.2% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 17th largest holding. Clal Insurance Enterprises Holdings Ltd’s holdings in Invesco KBW Bank ETF were worth $190,664,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Beck Capital Management LLC bought a new stake in Invesco KBW Bank ETF during the fourth quarter worth about $217,000. Summit Financial LLC bought a new position in shares of Invesco KBW Bank ETF in the fourth quarter worth about $1,047,000. Hollencrest Capital Management bought a new position in shares of Invesco KBW Bank ETF in the fourth quarter worth about $57,000. Commonwealth Equity Services LLC lifted its holdings in shares of Invesco KBW Bank ETF by 125.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 46,822 shares of the company’s stock worth $3,947,000 after acquiring an additional 26,021 shares during the last quarter. Finally, Marex Group plc bought a new position in shares of Invesco KBW Bank ETF in the fourth quarter worth about $833,000.

Invesco KBW Bank ETF Trading Up 1.7%

KBWB stock opened at $92.60 on Friday. The stock has a market capitalization of $5.84 billion, a P/E ratio of 13.35 and a beta of 1.02. Invesco KBW Bank ETF has a 12 month low of $65.40 and a 12 month high of $93.04. The firm has a 50-day moving average price of $86.18 and a 200-day moving average price of $84.39.

Invesco KBW Bank ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.4898 dividend. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. This represents a $1.96 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, March 23rd.

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.