Fisher Asset Management LLC Has $214.25 Million Stake in Invesco KBW Bank ETF $KBWB

Fisher Asset Management LLC increased its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 14.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,991,470 shares of the company’s stock after purchasing an additional 379,830 shares during the quarter. Fisher Asset Management LLC owned approximately 4.67% of Invesco KBW Bank ETF worth $214,249,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Invesco KBW Bank ETF by 64.8% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,595,000 shares of the company’s stock worth $400,714,000 after acquiring an additional 2,200,000 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its position in Invesco KBW Bank ETF by 23.3% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 4,370,000 shares of the company’s stock worth $312,979,000 after purchasing an additional 825,000 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Invesco KBW Bank ETF by 117.7% during the second quarter. JPMorgan Chase & Co. now owns 3,503,711 shares of the company’s stock worth $250,936,000 after purchasing an additional 1,894,483 shares during the period. Goldman Sachs Group Inc. lifted its stake in Invesco KBW Bank ETF by 306.5% during the first quarter. Goldman Sachs Group Inc. now owns 2,240,028 shares of the company’s stock worth $140,607,000 after purchasing an additional 1,689,020 shares during the period. Finally, Menora Mivtachim Holdings LTD. acquired a new stake in Invesco KBW Bank ETF during the first quarter valued at approximately $93,402,000.

Invesco KBW Bank ETF Trading Down 0.2%

Shares of KBWB opened at $79.16 on Tuesday. Invesco KBW Bank ETF has a 1 year low of $51.13 and a 1 year high of $80.08. The stock has a 50 day simple moving average of $76.93 and a 200-day simple moving average of $73.92. The stock has a market cap of $5.86 billion, a PE ratio of 13.35 and a beta of 1.11.

Invesco KBW Bank ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.4515 per share. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.41. This represents a $1.81 annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, September 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.