Invesco KBW Bank ETF (NASDAQ:KBWB) Hits New 12-Month High – What’s Next?

Shares of Invesco KBW Bank ETF (NASDAQ:KBWB) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $97.76 and last traded at $97.67, with a volume of 168086 shares. The stock had previously closed at $95.96.

Invesco KBW Bank ETF Trading Up 2.1%

The business’s fifty day simple moving average is $89.93 and its two-hundred day simple moving average is $86.17. The stock has a market capitalization of $6.90 billion, a P/E ratio of 13.35 and a beta of 1.01.

Invesco KBW Bank ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.4729 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.89 annualized dividend and a dividend yield of 1.9%.

Institutional Investors Weigh In On Invesco KBW Bank ETF

Hedge funds have recently made changes to their positions in the stock. North Star Investment Management Corp. acquired a new stake in Invesco KBW Bank ETF during the first quarter worth about $29,000. IFP Advisors Inc bought a new position in Invesco KBW Bank ETF during the fourth quarter valued at about $35,000. Private Wealth Management Group LLC acquired a new position in Invesco KBW Bank ETF in the 1st quarter valued at approximately $40,000. Allworth Financial LP raised its holdings in Invesco KBW Bank ETF by 31.5% in the 4th quarter. Allworth Financial LP now owns 522 shares of the company’s stock valued at $44,000 after acquiring an additional 125 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Invesco KBW Bank ETF by 970.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the company’s stock worth $45,000 after acquiring an additional 485 shares during the period.

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.