Temasek Holdings Private Ltd Buys Shares of 1,069,000 Invesco KBW Bank ETF $KBWB

Temasek Holdings Private Ltd purchased a new position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) in the third quarter, Holdings Channel reports. The fund purchased 1,069,000 shares of the company’s stock, valued at approximately $83,606,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of Invesco KBW Bank ETF by 77.4% during 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. raised its stake in shares of Invesco KBW Bank ETF by 83.8% during the third 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 in the last quarter. Menora Mivtachim Holdings LTD. lifted its holdings in Invesco KBW Bank ETF by 107.4% in the second 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 period. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Invesco KBW Bank ETF by 23.3% in the second 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. grew its position in 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 valued at $47,623,000 after buying an additional 570,000 shares in the last quarter.

Invesco KBW Bank ETF Trading Down 0.7%

Invesco KBW Bank ETF stock opened at $75.84 on Friday. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11. The company’s 50-day moving average price is $85.12 and its two-hundred day moving average price is $81.11. Invesco KBW Bank ETF has a 52 week low of $51.13 and a 52 week high of $91.43.

Invesco KBW Bank ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.4442 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.78 annualized dividend and a dividend yield of 2.3%.

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.