Clal Insurance Enterprises Holdings Ltd Has $312.98 Million Stake in Invesco KBW Bank ETF $KBWB

Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 23.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,370,000 shares of the company’s stock after purchasing an additional 825,000 shares during the period. Invesco KBW Bank ETF comprises 3.1% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 7th largest holding. Clal Insurance Enterprises Holdings Ltd owned about 6.82% of Invesco KBW Bank ETF worth $312,979,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its holdings in shares of Invesco KBW Bank ETF by 287.6% during the 1st quarter. Private Advisor Group LLC now owns 27,163 shares of the company’s stock valued at $1,705,000 after buying an additional 20,155 shares during the period. Envestnet Asset Management Inc. increased its position in Invesco KBW Bank ETF by 63.8% during the first quarter. Envestnet Asset Management Inc. now owns 146,520 shares of the company’s stock valued at $9,197,000 after acquiring an additional 57,078 shares during the last quarter. Astoria Portfolio Advisors LLC. bought a new position in Invesco KBW Bank ETF in the second quarter valued at about $399,000. Fifth Third Bancorp bought a new position in Invesco KBW Bank ETF in the second quarter valued at about $31,000. Finally, Hazlett Burt & Watson Inc. boosted its position in Invesco KBW Bank ETF by 16.9% in the second quarter. Hazlett Burt & Watson Inc. now owns 26,959 shares of the company’s stock worth $1,933,000 after purchasing an additional 3,902 shares during the last quarter.

Invesco KBW Bank ETF Stock Up 0.4%

Invesco KBW Bank ETF stock opened at $75.23 on Wednesday. Invesco KBW Bank ETF has a 52-week low of $51.13 and a 52-week high of $80.08. The company has a market cap of $5.57 billion, a P/E ratio of 13.35 and a beta of 1.11. The business has a 50-day simple moving average of $77.07 and a two-hundred day simple moving average of $73.08.

Invesco KBW Bank ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.4515 per share. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.41. This represents a $1.81 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, September 22nd.

Invesco KBW Bank ETF 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.