Helix Partners Management LP Invests $2.51 Million in Invesco KBW Bank ETF $KBWB

Helix Partners Management LP acquired a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) during the second quarter, Holdings Channel.com reports. The firm acquired 35,000 shares of the company’s stock, valued at approximately $2,507,000. Invesco KBW Bank ETF comprises approximately 0.9% of Helix Partners Management LP’s portfolio, making the stock its 9th biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KBWB. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Invesco KBW Bank ETF by 64.8% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,595,000 shares of the company’s stock valued at $400,714,000 after purchasing an additional 2,200,000 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its stake in Invesco KBW Bank ETF by 23.3% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 4,370,000 shares of the company’s stock valued at $312,979,000 after buying an additional 825,000 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Invesco KBW Bank ETF by 117.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,503,711 shares of the company’s stock worth $250,936,000 after acquiring an additional 1,894,483 shares during the period. Fisher Asset Management LLC lifted its position in Invesco KBW Bank ETF by 14.5% during the 2nd quarter. Fisher Asset Management LLC now owns 2,991,470 shares of the company’s stock worth $214,249,000 after acquiring an additional 379,830 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Invesco KBW Bank ETF by 306.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,240,028 shares of the company’s stock worth $140,607,000 after acquiring an additional 1,689,020 shares during the last quarter.

Invesco KBW Bank ETF Stock Up 0.3%

Shares of NASDAQ:KBWB opened at $81.98 on Friday. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11. The business has a 50 day moving average price of $77.13 and a 200 day moving average price of $74.21. Invesco KBW Bank ETF has a twelve month low of $51.13 and a twelve month high of $82.51.

Invesco KBW Bank ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were issued a $0.4515 dividend. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.41. This represents a $1.81 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, September 22nd.

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.