Invesco KBW Bank ETF (NASDAQ:KBWB) Reaches New 52-Week High – What’s Next?

Invesco KBW Bank ETF (NASDAQ:KBWB) shares hit a new 52-week high during trading on Thursday . The company traded as high as $95.05 and last traded at $93.23, with a volume of 2810441 shares. The stock had previously closed at $93.55.

Invesco KBW Bank ETF Price Performance

The stock has a market cap of $5.88 billion, a P/E ratio of 13.35 and a beta of 1.02. The business’s 50 day simple moving average is $86.92 and its 200 day simple moving average is $84.75.

Invesco KBW Bank ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.4898 per share. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. This represents a $1.96 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, March 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. North Star Investment Management Corp. bought a new position in Invesco KBW Bank ETF during the first quarter worth about $29,000. IFP Advisors Inc bought a new position in shares of Invesco KBW Bank ETF in the fourth quarter valued at approximately $35,000. Private Wealth Management Group LLC bought a new position in shares of Invesco KBW Bank ETF in the first quarter valued at approximately $40,000. Allworth Financial LP raised its stake in shares of Invesco KBW Bank ETF by 31.5% in the fourth quarter. Allworth Financial LP now owns 522 shares of the company’s stock valued at $44,000 after acquiring an additional 125 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Invesco KBW Bank ETF by 970.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the company’s stock valued at $45,000 after acquiring 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.