Harel Insurance Investments & Financial Services Ltd. Sells 4,177,000 Shares of Invesco KBW Bank ETF $KBWB

Harel Insurance Investments & Financial Services Ltd. lessened its stake in Invesco KBW Bank ETF (NASDAQ:KBWBFree Report) by 100.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 620 shares of the company’s stock after selling 4,177,000 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Invesco KBW Bank ETF were worth $52,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. bought a new stake in shares of Invesco KBW Bank ETF in the third quarter valued at about $31,000. High Point Wealth Management LLC bought a new stake in shares of Invesco KBW Bank ETF in the fourth quarter valued at about $57,000. CIBC Private Wealth Group LLC bought a new stake in shares of Invesco KBW Bank ETF in the third quarter valued at about $86,000. BTG Pactual Asset Management US LLC bought a new stake in shares of Invesco KBW Bank ETF in the second quarter valued at about $82,000. Finally, Comerica Bank lifted its stake in shares of 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 buying an additional 438 shares during the period.

Invesco KBW Bank ETF Stock Performance

NASDAQ KBWB opened at $85.86 on Friday. The firm has a 50-day simple moving average of $82.14 and a 200 day simple moving average of $82.57. Invesco KBW Bank ETF has a twelve month low of $62.74 and a twelve month high of $91.43. The stock has a market cap of $5.42 billion, a PE ratio of 13.35 and a beta of 1.04.

Invesco KBW Bank ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.4898 dividend. The ex-dividend date was Monday, March 23rd. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. This represents a $1.96 annualized dividend and a dividend yield of 2.3%.

Invesco KBW Bank ETF Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Invesco KBW Bank ETF (NASDAQ:KBWB)

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