Clal Insurance Enterprises Holdings Ltd Has $301.58 Million Stake in Invesco KBW Bank ETF $KBWB

Clal Insurance Enterprises Holdings Ltd decreased its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 11.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,856,000 shares of the company’s stock after selling 514,000 shares during the period. Invesco KBW Bank ETF accounts for 2.3% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 10th largest position. Clal Insurance Enterprises Holdings Ltd owned approximately 5.21% of Invesco KBW Bank ETF worth $301,578,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in KBWB. JPMorgan Chase & Co. lifted its stake in Invesco KBW Bank ETF by 77.4% in the third quarter. JPMorgan Chase & Co. now owns 6,215,823 shares of the company’s stock valued at $486,140,000 after buying an additional 2,712,112 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Invesco KBW Bank ETF by 83.8% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,177,620 shares of the company’s stock worth $326,732,000 after acquiring an additional 1,905,000 shares during the last quarter. Menora Mivtachim Holdings LTD. increased its holdings in shares of Invesco KBW Bank ETF by 107.4% in the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 3,085,450 shares of the company’s stock worth $220,980,000 after acquiring an additional 1,597,450 shares during the period. Fisher Asset Management LLC lifted its position in Invesco KBW Bank ETF by 14.5% in the 2nd quarter. Fisher Asset Management LLC now owns 2,991,470 shares of the company’s stock valued at $214,249,000 after purchasing an additional 379,830 shares during the last quarter. Finally, Meitav Investment House Ltd. boosted its stake in Invesco KBW Bank ETF by 1,409.0% during the 3rd quarter. Meitav Investment House Ltd. now owns 610,455 shares of the company’s stock valued at $47,623,000 after purchasing an additional 570,000 shares during the period.

Invesco KBW Bank ETF Trading Down 4.9%

NASDAQ KBWB opened at $81.86 on Friday. The company has a 50-day moving average price of $86.33 and a two-hundred day moving average price of $80.76. Invesco KBW Bank ETF has a 52 week low of $51.13 and a 52 week high of $91.43. The stock has a market cap of $5.80 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.4442 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, December 22nd.

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.