Invesco KBW Bank ETF (NASDAQ:KBWB) Hits New 12-Month High – Still a Buy?

Shares of Invesco KBW Bank ETF (NASDAQ:KBWB) hit a new 52-week high during trading on Monday . The company traded as high as $96.24 and last traded at $96.20, with a volume of 991185 shares changing hands. The stock had previously closed at $94.44.

Invesco KBW Bank ETF Trading Up 1.9%

The company’s 50 day moving average price is $88.85 and its two-hundred day moving average price is $85.72. The firm has a market cap of $6.73 billion, a PE ratio of 13.35 and a beta of 1.01.

Invesco KBW Bank ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a $0.4729 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.89 dividend on an annualized basis and a yield of 2.0%.

Institutional Investors Weigh In On Invesco KBW Bank ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Invesco KBW Bank ETF by 47.5% during the 4th quarter. JPMorgan Chase & Co. now owns 9,166,004 shares of the company’s stock worth $772,603,000 after acquiring an additional 2,950,181 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of Invesco KBW Bank ETF by 2,620.7% in the third quarter. Two Sigma Investments LP now owns 1,213,448 shares of the company’s stock valued at $94,904,000 after purchasing an additional 1,168,848 shares in the last quarter. Temasek Holdings Private Ltd bought a new stake in Invesco KBW Bank ETF in the third quarter worth $83,606,000. BNP Paribas Financial Markets bought a new stake in Invesco KBW Bank ETF in the fourth quarter worth $72,072,000. Finally, Fisher Asset Management LLC raised its stake in Invesco KBW Bank ETF by 9.3% during the fourth quarter. Fisher Asset Management LLC now owns 3,568,214 shares of the company’s stock valued at $300,765,000 after purchasing an additional 303,052 shares in 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.