Meitav Investment House Ltd. Cuts Stake in Invesco KBW Bank ETF $KBWB

Meitav Investment House Ltd. lessened its holdings in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 20.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,555 shares of the company’s stock after selling 16,905 shares during the period. Meitav Investment House Ltd. owned approximately 0.10% of Invesco KBW Bank ETF worth $5,108,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. North Star Investment Management Corp. purchased a new position in Invesco KBW Bank ETF during the 1st quarter worth $29,000. IFP Advisors Inc purchased a new stake in Invesco KBW Bank ETF in the fourth quarter valued at about $35,000. Private Wealth Management Group LLC acquired a new stake in Invesco KBW Bank ETF in the first quarter worth about $40,000. Allworth Financial LP boosted its holdings in Invesco KBW Bank ETF by 31.5% in the fourth quarter. Allworth Financial LP now owns 522 shares of the company’s stock worth $44,000 after acquiring an additional 125 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Invesco KBW Bank ETF by 970.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the company’s stock worth $45,000 after acquiring an additional 485 shares during the last quarter.

Invesco KBW Bank ETF Trading Up 0.3%

Shares of KBWB stock traded up $0.26 during trading hours on Tuesday, reaching $96.51. 365,816 shares of the company’s stock were exchanged, compared to its average volume of 2,056,161. Invesco KBW Bank ETF has a 1 year low of $70.68 and a 1 year high of $96.92. The stock has a market cap of $6.75 billion, a PE ratio of 13.35 and a beta of 1.01. The stock’s fifty day moving average price is $89.04 and its two-hundred day moving average price is $85.80.

Invesco KBW Bank ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.4729 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.89 dividend on an annualized basis and a yield of 2.0%.

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.