Invesco KBW Bank ETF (NASDAQ:KBWB) Hits New 1-Year High – Still a Buy?

Invesco KBW Bank ETF (NASDAQ:KBWB)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $95.63 and last traded at $95.46, with a volume of 873981 shares. The stock had previously closed at $93.73.

Invesco KBW Bank ETF Stock Performance

The stock has a fifty day simple moving average of $87.82 and a two-hundred day simple moving average of $85.21. The stock has a market cap of $5.98 billion, a PE ratio of 13.35 and a beta of 1.02.

Invesco KBW Bank ETF Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 22nd will be paid a $0.4729 dividend. The ex-dividend date is Monday, June 22nd. This represents a $1.89 annualized dividend and a dividend yield of 2.0%.

Institutional Investors Weigh In On Invesco KBW Bank ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. J. R. Prunier Capital Management LLC boosted its position in Invesco KBW Bank ETF by 15.5% in the 1st quarter. J. R. Prunier Capital Management LLC now owns 6,814 shares of the company’s stock valued at $539,000 after buying an additional 912 shares during the last quarter. Hobbs Group Advisors LLC increased its position in shares of Invesco KBW Bank ETF by 12.2% during the first quarter. Hobbs Group Advisors LLC now owns 42,546 shares of the company’s stock worth $3,366,000 after acquiring an additional 4,638 shares during the last quarter. Waverly Advisors LLC increased its position in shares of Invesco KBW Bank ETF by 15.8% during the first quarter. Waverly Advisors LLC now owns 3,491 shares of the company’s stock worth $276,000 after acquiring an additional 477 shares during the last quarter. Measured Wealth Private Client Group LLC lifted its stake in shares of Invesco KBW Bank ETF by 68.0% in the first quarter. Measured Wealth Private Client Group LLC now owns 7,680 shares of the company’s stock worth $608,000 after acquiring an additional 3,109 shares in the last quarter. Finally, Hanover Advisors Inc. boosted its holdings in Invesco KBW Bank ETF by 9.1% in the first quarter. Hanover Advisors Inc. now owns 7,807 shares of the company’s stock valued at $618,000 after purchasing an additional 652 shares during the last quarter.

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.