Invesco KBW Bank ETF (NASDAQ:KBWB) Shares Acquired by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. raised its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 266.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,272,620 shares of the company’s stock after purchasing an additional 1,652,140 shares during the period. Invesco KBW Bank ETF comprises 1.9% of Harel Insurance Investments & Financial Services Ltd.’s investment portfolio, making the stock its 13th biggest position. Harel Insurance Investments & Financial Services Ltd. owned approximately 3.94% of Invesco KBW Bank ETF worth $142,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in KBWB. Jones Financial Companies Lllp grew its stake in shares of Invesco KBW Bank ETF by 143.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,876 shares of the company’s stock worth $188,000 after purchasing an additional 1,695 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Invesco KBW Bank ETF during the 4th quarter worth about $7,409,000. One Capital Management LLC acquired a new position in shares of Invesco KBW Bank ETF during the 4th quarter worth about $3,763,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Invesco KBW Bank ETF in the 4th quarter valued at about $209,000. Finally, HighTower Advisors LLC raised its position in shares of Invesco KBW Bank ETF by 13.5% during the 4th quarter. HighTower Advisors LLC now owns 5,863 shares of the company’s stock worth $383,000 after acquiring an additional 699 shares in the last quarter.

Invesco KBW Bank ETF Stock Up 1.0%

Shares of KBWB opened at $74.62 on Friday. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 12.26 and a beta of 1.19. Invesco KBW Bank ETF has a 52-week low of $51.13 and a 52-week high of $74.85. The stock has a 50 day moving average price of $65.95 and a 200 day moving average price of $65.35.

Invesco KBW Bank ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were issued a $0.4098 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Monday, June 23rd.

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.