Invesco KBW Bank ETF (NASDAQ:KBWB) Hits New 12-Month High at $53.56

Invesco KBW Bank ETF (NASDAQ:KBWB) hit a new 52-week high during trading on Thursday . The company traded as high as $53.56 and last traded at $53.25, with a volume of 49499 shares changing hands. The stock had previously closed at $53.22.

Invesco KBW Bank ETF Stock Up 0.4 %

The stock has a market cap of $1.78 billion, a PE ratio of 8.67 and a beta of 1.19. The stock has a 50-day moving average of $49.73 and a 200 day moving average of $45.41.

Invesco KBW Bank ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were issued a $0.4265 dividend. This represents a $1.71 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Monday, March 18th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KBWB. Varma Mutual Pension Insurance Co raised its stake in shares of Invesco KBW Bank ETF by 599.0% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 5,800,272 shares of the company’s stock worth $232,417,000 after buying an additional 4,970,485 shares during the period. Wharton Business Group LLC raised its stake in shares of Invesco KBW Bank ETF by 34.3% during the 4th quarter. Wharton Business Group LLC now owns 1,648,222 shares of the company’s stock worth $81,076,000 after buying an additional 421,148 shares during the period. Fisher Asset Management LLC raised its stake in shares of Invesco KBW Bank ETF by 32.8% during the 4th quarter. Fisher Asset Management LLC now owns 1,594,246 shares of the company’s stock worth $78,421,000 after buying an additional 393,990 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Invesco KBW Bank ETF by 1.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,401,415 shares of the company’s stock worth $72,537,000 after buying an additional 17,100 shares during the period. Finally, Sculptor Capital LP acquired a new position in shares of Invesco KBW Bank ETF during the 1st quarter worth approximately $71,473,000.

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.