Invesco KBW Bank ETF (NASDAQ:KBWB) Reaches New 12-Month High – What’s Next?

by · The Markets Daily

Invesco KBW Bank ETF (NASDAQ:KBWB – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $80.34 and last traded at $80.4740, with a volume of 340159 shares traded. The stock had previously closed at $79.36.

Invesco KBW Bank ETF Stock Up 1.5%

The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11. The business has a 50-day moving average price of $76.95 and a 200-day moving average price of $74.00.

Invesco KBW Bank ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.4515 per share. This represents a $1.81 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, September 22nd. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.41.

Institutional Trading of Invesco KBW Bank ETF

A number of hedge funds have recently modified their holdings of KBWB. Allworth Financial LP grew its holdings in shares of Invesco KBW Bank ETF by 59.4% during the second quarter. Allworth Financial LP now owns 400 shares of the company’s stock valued at $29,000 after buying an additional 149 shares in the last quarter. UMB Bank n.a. purchased a new position in Invesco KBW Bank ETF during the 3rd quarter valued at about $31,000. Fifth Third Bancorp purchased a new position in Invesco KBW Bank ETF during the 2nd quarter valued at about $31,000. AE Wealth Management LLC lifted its position in shares of Invesco KBW Bank ETF by 214.4% in the second quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock worth $33,000 after purchasing an additional 313 shares in the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new stake in shares of Invesco KBW Bank ETF during the third quarter worth approximately $86,000.

About Invesco KBW Bank ETF

(Get Free Report)

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.

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