Meitav Investment House Ltd. Has $47.62 Million Stock Position in Invesco KBW Bank ETF $KBWB

Meitav Investment House Ltd. increased its stake in Invesco KBW Bank ETF (NASDAQ:KBWB) by 1,409.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 610,455 shares of the company’s stock after buying an additional 570,000 shares during the quarter. Meitav Investment House Ltd. owned approximately 0.83% of Invesco KBW Bank ETF worth $47,623,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP raised its position in Invesco KBW Bank ETF by 59.4% during the second quarter. Allworth Financial LP now owns 400 shares of the company’s stock worth $29,000 after acquiring an additional 149 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of Invesco KBW Bank ETF during the 2nd quarter worth about $31,000. AE Wealth Management LLC raised its holdings in shares of Invesco KBW Bank ETF by 214.4% in the 2nd quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock valued at $33,000 after purchasing an additional 313 shares during the period. BTG Pactual Asset Management US LLC acquired a new stake in Invesco KBW Bank ETF in the 2nd quarter valued at about $82,000. Finally, Comerica Bank lifted its stake in Invesco KBW Bank ETF by 58.3% in the 1st quarter. Comerica Bank now owns 1,189 shares of the company’s stock valued at $75,000 after purchasing an additional 438 shares during the last quarter.

Invesco KBW Bank ETF Stock Down 0.4%

Shares of NASDAQ KBWB opened at $86.14 on Friday. The business’s 50 day moving average price is $82.62 and its two-hundred day moving average price is $78.11. The company has a market cap of $6.21 billion, a PE ratio of 13.35 and a beta of 1.11. Invesco KBW Bank ETF has a twelve month low of $51.13 and a twelve month high of $88.84.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a $0.4442 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, December 22nd.

Invesco KBW Bank ETF Company 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.