Silphium Asset Management Ltd Purchases Shares of 51,500 Invesco KBW Bank ETF $KBWB

Silphium Asset Management Ltd bought 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 & Exchange Commission. The institutional investor bought 51,500 shares of the company’s stock, valued at approximately $4,028,000. Invesco KBW Bank ETF comprises about 1.2% of Silphium Asset Management Ltd’s holdings, making the stock its 23rd largest position. Silphium Asset Management Ltd owned approximately 0.07% of Invesco KBW Bank ETF as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. grew its holdings in 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 period. Harel Insurance Investments & Financial Services Ltd. boosted its position in Invesco KBW Bank ETF by 83.8% in 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 purchasing an additional 1,905,000 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Invesco KBW Bank ETF by 117.7% during the 2nd 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 during the period. Menora Mivtachim Holdings LTD. increased its holdings in shares of 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 valued at $220,980,000 after purchasing an additional 1,597,450 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake 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 valued at $312,979,000 after purchasing an additional 825,000 shares during the period.

Invesco KBW Bank ETF Stock Performance

KBWB stock opened at $87.64 on Tuesday. Invesco KBW Bank ETF has a one year low of $51.13 and a one year high of $88.84. The firm’s fifty day moving average is $84.60 and its 200 day moving average is $79.09. The firm has a market cap of $6.15 billion, a PE ratio of 13.35 and a beta of 1.11.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $0.4442 per share. The ex-dividend date was Monday, December 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 2.0%.

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.