Clal Insurance Enterprises Holdings Ltd Sells 1,594,000 Shares of Invesco KBW Bank ETF $KBWB

Clal Insurance Enterprises Holdings Ltd reduced its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 41.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,262,000 shares of the company’s stock after selling 1,594,000 shares during the quarter. Invesco KBW Bank ETF accounts for approximately 1.2% of Clal Insurance Enterprises Holdings Ltd’s investment portfolio, making the stock its 17th biggest holding. Clal Insurance Enterprises Holdings Ltd owned approximately 3.19% of Invesco KBW Bank ETF worth $190,664,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc bought a new position in Invesco KBW Bank ETF during the fourth quarter worth $35,000. Allworth Financial LP boosted its position in Invesco KBW Bank ETF by 31.5% during the fourth quarter. Allworth Financial LP now owns 522 shares of the company’s stock worth $44,000 after purchasing an additional 125 shares during the period. High Point Wealth Management LLC bought a new position in Invesco KBW Bank ETF during the fourth quarter worth $57,000. Hollencrest Capital Management bought a new position in Invesco KBW Bank ETF during the fourth quarter worth $57,000. Finally, Comerica Bank boosted its position in Invesco KBW Bank ETF by 58.3% during the first quarter. Comerica Bank now owns 1,189 shares of the company’s stock worth $75,000 after purchasing an additional 438 shares during the period.

Invesco KBW Bank ETF Price Performance

KBWB stock opened at $92.60 on Friday. The company has a fifty day moving average price of $86.18 and a two-hundred day moving average price of $84.39. Invesco KBW Bank ETF has a one year low of $65.40 and a one year high of $93.04. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 13.35 and a beta of 1.02.

Invesco KBW Bank ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.4898 dividend. The ex-dividend date of this dividend 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 dividend on an annualized basis and a dividend yield of 2.1%.

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.