Raymond James Financial Inc. Acquires Shares of 113,382 Invesco KBW Bank ETF (NASDAQ:KBWB)

Raymond James Financial Inc. bought a new position in Invesco KBW Bank ETF (NASDAQ:KBWB) in the 4th quarter, HoldingsChannel reports. The fund bought 113,382 shares of the company’s stock, valued at approximately $7,409,000.

Several other hedge funds also recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd lifted its stake in Invesco KBW Bank ETF by 961.2% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,950,000 shares of the company’s stock worth $192,782,000 after purchasing an additional 2,672,000 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Invesco KBW Bank ETF by 10.4% during the fourth quarter. Fisher Asset Management LLC now owns 2,792,499 shares of the company’s stock worth $182,490,000 after purchasing an additional 262,848 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Invesco KBW Bank ETF by 1,780,000.0% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,670,150 shares of the company’s stock worth $174,494,000 after purchasing an additional 2,670,000 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Invesco KBW Bank ETF by 129,166.7% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 620,480 shares of the company’s stock worth $40,548,000 after buying an additional 620,000 shares during the last quarter. Finally, Fiduciary Trust Co acquired a new position in shares of Invesco KBW Bank ETF in the 3rd quarter valued at about $27,113,000.

Invesco KBW Bank ETF Stock Up 0.1 %

Shares of NASDAQ:KBWB opened at $63.52 on Monday. The company has a market cap of $3.07 billion, a PE ratio of 12.76 and a beta of 1.19. Invesco KBW Bank ETF has a fifty-two week low of $49.32 and a fifty-two week high of $72.39. The firm has a 50-day simple moving average of $67.98 and a 200 day simple moving average of $65.39.

Invesco KBW Bank ETF 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.