Clal Insurance Enterprises Holdings Ltd Decreases Position in Invesco KBW Bank ETF $KBWB

Clal Insurance Enterprises Holdings Ltd decreased its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 37.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,421,000 shares of the company’s stock after selling 841,000 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in Invesco KBW Bank ETF were worth $112,430,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Hanover Advisors Inc. boosted its position in shares of Invesco KBW Bank ETF by 9.1% in the 1st quarter. Hanover Advisors Inc. now owns 7,807 shares of the company’s stock worth $618,000 after buying an additional 652 shares in the last quarter. Lowe Brockenbrough & Co. Inc. raised its position in Invesco KBW Bank ETF by 0.6% during the first quarter. Lowe Brockenbrough & Co. Inc. now owns 109,735 shares of the company’s stock worth $8,682,000 after acquiring an additional 678 shares during the last quarter. Independent Financial Group LLC acquired a new position in Invesco KBW Bank ETF during the first quarter worth about $605,000. Bank of New York Mellon Corp lifted its holdings in shares of Invesco KBW Bank ETF by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 76,252 shares of the company’s stock valued at $6,033,000 after purchasing an additional 1,403 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Invesco KBW Bank ETF by 36.6% in the first quarter. Principal Financial Group Inc. now owns 59,032 shares of the company’s stock valued at $4,671,000 after purchasing an additional 15,809 shares in the last quarter.

Invesco KBW Bank ETF Price Performance

KBWB stock opened at $96.86 on Wednesday. The company’s 50 day simple moving average is $91.33 and its 200-day simple moving average is $86.66. The firm has a market capitalization of $7.05 billion, a PE ratio of 13.35 and a beta of 1.01. Invesco KBW Bank ETF has a 12 month low of $70.68 and a 12 month high of $98.97.

Invesco KBW Bank ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.4729 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.89 dividend on an annualized basis and a yield of 2.0%.

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.