Envestnet Asset Management Inc. Decreases Position in Invesco KBW Bank ETF $KBWB

Envestnet Asset Management Inc. trimmed its position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) by 28.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,811 shares of the company’s stock after selling 67,600 shares during the period. Envestnet Asset Management Inc. owned approximately 0.24% of Invesco KBW Bank ETF worth $13,516,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Invesco KBW Bank ETF by 64.8% during the second 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 last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in Invesco KBW Bank ETF by 23.3% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 4,370,000 shares of the company’s stock valued at $312,979,000 after acquiring an additional 825,000 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in Invesco KBW Bank ETF by 83.8% during the 3rd 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 period. JPMorgan Chase & Co. grew its stake in shares of Invesco KBW Bank ETF by 117.7% in 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 in the last quarter. Finally, Menora Mivtachim Holdings LTD. increased its holdings in shares of Invesco KBW Bank ETF by 107.4% during the second quarter. Menora Mivtachim Holdings LTD. now owns 3,085,450 shares of the company’s stock valued at $220,980,000 after purchasing an additional 1,597,450 shares during the period.

Invesco KBW Bank ETF Trading Up 0.3%

Shares of NASDAQ:KBWB opened at $85.61 on Tuesday. Invesco KBW Bank ETF has a twelve month low of $51.13 and a twelve month high of $91.43. The firm has a market cap of $6.06 billion, a P/E ratio of 13.35 and a beta of 1.11. The company has a 50 day moving average of $86.21 and a 200-day moving average of $80.07.

Invesco KBW Bank ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a $0.4442 dividend. This represents a $1.78 annualized dividend and a dividend 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.