Invesco KBW Bank ETF (NASDAQ:KBWB) Reaches New 12-Month High – Time to Buy?

Invesco KBW Bank ETF (NASDAQ:KBWB)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $98.98 and last traded at $98.91, with a volume of 449212 shares changing hands. The stock had previously closed at $97.05.

Invesco KBW Bank ETF Trading Up 1.3%

The business’s 50-day simple moving average is $93.38 and its 200 day simple moving average is $87.26. The company has a market capitalization of $6.92 billion, a P/E ratio of 13.35 and a beta of 1.01.

Invesco KBW Bank ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a dividend of $0.4729 per share. This represents a $1.89 dividend on an annualized basis 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 institutional investors have recently added to or reduced their stakes in KBWB. Allworth Financial LP increased its position in shares of Invesco KBW Bank ETF by 31.5% during the 4th quarter. Allworth Financial LP now owns 522 shares of the company’s stock valued at $44,000 after purchasing an additional 125 shares during the period. City Center Advisors LLC lifted its holdings in shares of Invesco KBW Bank ETF by 2.3% in the second quarter. City Center Advisors LLC now owns 8,567 shares of the company’s stock valued at $797,000 after buying an additional 189 shares during the period. Quadcap Wealth Management LLC boosted its stake in Invesco KBW Bank ETF by 0.4% during the third quarter. Quadcap Wealth Management LLC now owns 55,017 shares of the company’s stock valued at $4,303,000 after buying an additional 235 shares in the last quarter. Quattro Financial Advisors LLC boosted its stake in Invesco KBW Bank ETF by 0.7% during the fourth quarter. Quattro Financial Advisors LLC now owns 42,235 shares of the company’s stock valued at $3,560,000 after buying an additional 300 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Invesco KBW Bank ETF by 2.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 14,262 shares of the company’s stock worth $1,202,000 after acquiring an additional 313 shares during the period.

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.