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

Invesco KBW Bank ETF (NASDAQ:KBWB)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $99.48 and last traded at $99.40, with a volume of 705318 shares traded. The stock had previously closed at $98.26.

Invesco KBW Bank ETF Trading Up 0.2%

The business’s fifty day moving average price is $95.14 and its 200 day moving average price is $87.97. The company has a market capitalization of $7.00 billion, a P/E ratio of 13.35 and a beta of 1.02.

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 paid a $0.4729 dividend. This represents a $1.89 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, June 22nd.

Institutional Investors Weigh In On Invesco KBW Bank ETF

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

Invesco KBW Bank ETF Company 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.