Citigroup Inc. Lowers Stock Holdings in Invesco KBW Bank ETF $KBWB

Citigroup Inc. reduced its position in Invesco KBW Bank ETF (NASDAQ:KBWB) by 71.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,443 shares of the company’s stock after selling 534,513 shares during the quarter. Citigroup Inc. owned approximately 0.28% of Invesco KBW Bank ETF worth $16,459,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KBWB. JPMorgan Chase & Co. boosted its stake in shares of Invesco KBW Bank ETF by 77.4% in the third quarter. JPMorgan Chase & Co. now owns 6,215,823 shares of the company’s stock valued at $486,140,000 after purchasing an additional 2,712,112 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake 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 buying an additional 1,905,000 shares during the period. Menora Mivtachim Holdings LTD. lifted its holdings in Invesco KBW Bank ETF by 107.4% during the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 3,085,450 shares of the company’s stock worth $220,980,000 after buying an additional 1,597,450 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position in Invesco KBW Bank ETF by 23.3% in 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 buying an additional 825,000 shares during the period. Finally, Meitav Investment House Ltd. grew its stake in shares of Invesco KBW Bank ETF by 1,409.0% in the third quarter. Meitav Investment House Ltd. now owns 610,455 shares of the company’s stock worth $47,623,000 after acquiring an additional 570,000 shares in the last quarter.

Invesco KBW Bank ETF Trading Down 4.9%

Invesco KBW Bank ETF stock opened at $81.86 on Friday. The firm has a market capitalization of $5.80 billion, a P/E 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 $91.43. The stock’s fifty day simple moving average is $86.33 and its 200-day simple moving average is $80.76.

Invesco KBW Bank ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.4442 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 2.2%.

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.