127,000 Shares in Invesco KBW Bank ETF $KBWB Purchased by Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management

Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management acquired a new position in Invesco KBW Bank ETF (NASDAQ:KBWB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 127,000 shares of the company’s stock, valued at approximately $9,933,000. Invesco KBW Bank ETF makes up about 1.4% of Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management’s investment portfolio, making the stock its 20th largest holding.

Several other institutional investors have also recently made changes to their positions in KBWB. Allworth Financial LP raised its position in shares of Invesco KBW Bank ETF by 59.4% in the second quarter. Allworth Financial LP now owns 400 shares of the company’s stock worth $29,000 after acquiring an additional 149 shares during the period. UMB Bank n.a. acquired a new position in Invesco KBW Bank ETF in the 3rd quarter worth about $31,000. AE Wealth Management LLC boosted its position in Invesco KBW Bank ETF by 214.4% during the second quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock worth $33,000 after purchasing an additional 313 shares in the last quarter. Comerica Bank grew its holdings in Invesco KBW Bank ETF by 58.3% in the first quarter. Comerica Bank now owns 1,189 shares of the company’s stock valued at $75,000 after purchasing an additional 438 shares during the period. Finally, BTG Pactual Asset Management US LLC purchased a new stake in shares of Invesco KBW Bank ETF in the second quarter valued at approximately $82,000.

Invesco KBW Bank ETF Price Performance

Shares of NASDAQ:KBWB opened at $86.24 on Friday. The business’s 50 day moving average price is $86.36 and its 200-day moving average price is $80.26. Invesco KBW Bank ETF has a 1 year low of $51.13 and a 1 year high of $91.43. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11.

Invesco KBW Bank ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.4442 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 2.1%.

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.