Invesco KBW Bank ETF (NASDAQ:KBWB) Sees Strong Trading Volume

Invesco KBW Bank ETF (NASDAQ:KBWB) saw an uptick in trading volume on Wednesday . 762,158 shares were traded during trading, a decline of 21% from the previous session’s volume of 961,926 shares.The stock last traded at $52.56 and had previously closed at $51.96.

Invesco KBW Bank ETF Price Performance

The firm has a market capitalization of $1.79 billion, a PE ratio of 8.67 and a beta of 1.19. The company’s fifty day simple moving average is $49.86 and its 200 day simple moving average is $45.47.

Invesco KBW Bank ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were paid a dividend of $0.4265 per share. This represents a $1.71 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Monday, March 18th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KBWB. Comerica Bank purchased a new position in shares of Invesco KBW Bank ETF in the third quarter valued at $25,000. PNC Financial Services Group Inc. purchased a new position in shares of Invesco KBW Bank ETF during the 1st quarter valued at about $29,000. Trust Co. of Vermont lifted its holdings in shares of Invesco KBW Bank ETF by 105.3% in the 4th quarter. Trust Co. of Vermont now owns 616 shares of the company’s stock worth $30,000 after acquiring an additional 316 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in Invesco KBW Bank ETF in the second quarter worth $41,000. Finally, Concourse Financial Group Securities Inc. lifted its stake in shares of Invesco KBW Bank ETF by 1,000.0% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,210 shares of the company’s stock valued at $48,000 after acquiring an additional 1,100 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.