Harel Insurance Investments & Financial Services Ltd. sold 4,177,000 shares of KBWB, worth approximately $330 million. The position value declined by $327 million, representing a 2.9% change in AUM. Post-trade holding is 620 shares valued at $52,000, down from 2.9% of the fund’s AUM in the prior quarter.

Invesco KBW Bank ETF disclosed a sale of 4,177,000 shares by Harel Insurance, with an estimated transaction value of $330 million. The position value dropped by $326.68 million. The fund’s KBWB position now accounts for virtually 0% of 13F reportable AUM after the reduction.

Institutional investors are reducing their stake in KBWB amid expectations of lower interest rates. The ETF may see more modest gains in a falling rate environment. Harel Insurance added to healthcare and tech holdings, anticipating benefits from improving economic conditions and AI spending.

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Read more at Nasdaq: Harel Insurance Sold $330 Million of Invesco KBW Bank ETF