Invesco KBW Bank ETF $KBWB Shares Newly Purchased by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. acquired a new position in Invesco KBW Bank ETF (NASDAQ:KBWB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,094,750 shares of the company’s stock, valued at approximately $269,955,000. Invesco KBW Bank ETF accounts for about 1.7% of Migdal Insurance & Financial Holdings Ltd.’s portfolio, making the stock its 19th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. 10Elms LLP bought a new position in shares of Invesco KBW Bank ETF during the 3rd quarter valued at approximately $30,000. Blume Capital Management Inc. bought a new stake in shares of Invesco KBW Bank ETF in the 3rd quarter worth approximately $35,000. Allworth Financial LP raised its holdings in shares of Invesco KBW Bank ETF by 25.0% in the 2nd quarter. Allworth Financial LP now owns 665 shares of the company’s stock worth $62,000 after purchasing an additional 133 shares during the period. Jacobi Capital Management LLC bought a new stake in shares of Invesco KBW Bank ETF in the 3rd quarter worth approximately $93,000. Finally, FNY Investment Advisers LLC purchased a new position in Invesco KBW Bank ETF in the second quarter valued at approximately $104,000.

Invesco KBW Bank ETF Stock Performance

NASDAQ KBWB traded up $0.53 on Friday, hitting $90.17. 1,337,639 shares of the stock traded hands, compared to its average volume of 2,091,375. The business’s fifty day moving average is $89.71 and its two-hundred day moving average is $89.08. Invesco KBW Bank ETF has a 12 month low of $74.33 and a 12 month high of $100.61. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 12.89 and a beta of 1.05.

Invesco KBW Bank ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a $0.4601 dividend. The ex-dividend date was Monday, September 21st. This is a drop from Invesco KBW Bank ETF’s previous quarterly dividend of $0.4729. This represents a $1.84 annualized dividend and a dividend yield of 2.0%.

Invesco KBW Bank ETF Company 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.