Invesco KBW Bank ETF (NASDAQ:KBWB) Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. decreased its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 94.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,170 shares of the company’s stock after selling 20,948 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Invesco KBW Bank ETF were worth $58,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Varma Mutual Pension Insurance Co raised its stake in Invesco KBW Bank ETF by 599.0% during the third quarter. Varma Mutual Pension Insurance Co now owns 5,800,272 shares of the company’s stock worth $232,417,000 after acquiring an additional 4,970,485 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Invesco KBW Bank ETF by 1.2% in the second quarter. Goldman Sachs Group Inc. now owns 1,401,415 shares of the company’s stock valued at $72,537,000 after purchasing an additional 17,100 shares during the period. Wharton Business Group LLC increased its stake in shares of Invesco KBW Bank ETF by 28.8% in the third quarter. Wharton Business Group LLC now owns 1,227,074 shares of the company’s stock valued at $49,169,000 after purchasing an additional 274,697 shares during the period. Sculptor Capital LP acquired a new stake in shares of Invesco KBW Bank ETF in the first quarter valued at approximately $71,473,000. Finally, Bank of America Corp DE increased its stake in shares of Invesco KBW Bank ETF by 156.6% in the first quarter. Bank of America Corp DE now owns 1,042,911 shares of the company’s stock valued at $43,771,000 after purchasing an additional 636,478 shares during the period.

Invesco KBW Bank ETF Trading Up 0.7 %

Shares of NASDAQ:KBWB opened at $50.30 on Friday. The firm’s 50 day moving average is $50.72 and its two-hundred day moving average is $46.57. Invesco KBW Bank ETF has a 52 week low of $36.19 and a 52 week high of $53.79. The firm has a market capitalization of $1.42 billion, a P/E ratio of 10.44 and a beta of 1.19.

Invesco KBW Bank ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were paid a $0.4265 dividend. The ex-dividend date was Monday, March 18th. This represents a $1.71 annualized dividend and a dividend yield of 3.39%.

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.