Fort Sheridan Advisors LLC Makes New Investment in Invesco KBW Bank ETF $KBWB

Fort Sheridan Advisors LLC purchased a new stake in Invesco KBW Bank ETF (NASDAQ:KBWB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,217 shares of the company’s stock, valued at approximately $564,000.

Several other institutional investors and hedge funds also recently made changes to their positions in KBWB. JPMorgan Chase & Co. lifted 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 worth $486,140,000 after acquiring an additional 2,712,112 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased 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 valued at $326,732,000 after purchasing an additional 1,905,000 shares during the period. Menora Mivtachim Holdings LTD. raised 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 purchasing an additional 1,597,450 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of 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 worth $312,979,000 after purchasing an additional 825,000 shares during the period. Finally, Meitav Investment House Ltd. lifted its position in shares of Invesco KBW Bank ETF by 1,409.0% in the 3rd quarter. Meitav Investment House Ltd. now owns 610,455 shares of the company’s stock worth $47,623,000 after purchasing an additional 570,000 shares during the period.

Invesco KBW Bank ETF Stock Performance

NASDAQ:KBWB opened at $79.09 on Monday. The firm’s fifty day moving average is $85.85 and its 200-day moving average is $81.11. Invesco KBW Bank ETF has a 52 week low of $51.13 and a 52 week high of $91.43. The firm has a market cap of $5.60 billion, a P/E ratio of 13.35 and a beta of 1.11.

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 issued a $0.4442 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, December 22nd.

About Invesco KBW Bank ETF

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.