Harel Insurance Investments & Financial Services Ltd. Sells 1,550,000 Shares of Invesco KBW Bank ETF (NASDAQ:KBWB)

Harel Insurance Investments & Financial Services Ltd. reduced its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 99.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 780 shares of the company’s stock after selling 1,550,000 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Invesco KBW Bank ETF were worth $38,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Varma Mutual Pension Insurance Co raised its stake in Invesco KBW Bank ETF by 599.0% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 5,800,272 shares of the company’s stock valued at $232,417,000 after buying an additional 4,970,485 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Invesco KBW Bank ETF by 1.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,401,415 shares of the company’s stock worth $72,537,000 after purchasing an additional 17,100 shares in the last quarter. Wharton Business Group LLC increased its stake in shares of Invesco KBW Bank ETF by 28.8% in the 3rd quarter. Wharton Business Group LLC now owns 1,227,074 shares of the company’s stock worth $49,169,000 after purchasing an additional 274,697 shares in the last quarter. Sculptor Capital LP purchased a new stake in shares of Invesco KBW Bank ETF in the 1st quarter worth $71,473,000. Finally, Bank of America Corp DE increased its stake in shares of Invesco KBW Bank ETF by 156.6% in the 1st quarter. Bank of America Corp DE now owns 1,042,911 shares of the company’s stock worth $43,771,000 after purchasing an additional 636,478 shares in the last quarter.

Invesco KBW Bank ETF Price Performance

NASDAQ:KBWB opened at $49.58 on Wednesday. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 10.44 and a beta of 1.19. Invesco KBW Bank ETF has a one year low of $36.19 and a one year high of $53.79. The business has a fifty day moving average price of $50.64 and a 200-day moving average price of $46.52.

Invesco KBW Bank ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were paid a $0.4265 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.71 annualized dividend and a dividend yield of 3.44%.

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.