Alliancebernstein L.P. Acquires New Stake in Invesco KBW Bank ETF (NASDAQ:KBWB)

Alliancebernstein L.P. bought a new position in Invesco KBW Bank ETF (NASDAQ:KBWB) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,335 shares of the company’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KBWB. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Invesco KBW Bank ETF by 961.2% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,950,000 shares of the company’s stock valued at $192,782,000 after buying an additional 2,672,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Invesco KBW Bank ETF by 1,780,000.0% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,670,150 shares of the company’s stock valued at $174,494,000 after purchasing an additional 2,670,000 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Invesco KBW Bank ETF by 129,166.7% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 620,480 shares of the company’s stock worth $40,548,000 after purchasing an additional 620,000 shares during the last quarter. Horizon Investments LLC bought a new stake in shares of Invesco KBW Bank ETF in the 4th quarter worth approximately $25,599,000. Finally, Summit Trail Advisors LLC acquired a new stake in Invesco KBW Bank ETF during the fourth quarter valued at approximately $20,039,000.

Invesco KBW Bank ETF Stock Performance

Invesco KBW Bank ETF stock opened at $55.86 on Tuesday. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 11.19 and a beta of 1.19. Invesco KBW Bank ETF has a 1 year low of $51.13 and a 1 year high of $72.39. The firm’s 50 day moving average price is $62.62 and its two-hundred day moving average price is $65.48.

Invesco KBW Bank ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a dividend of $0.4118 per share. This is an increase from Invesco KBW Bank ETF’s previous dividend of $0.36. The ex-dividend date was Monday, March 24th.

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.