Invesco KBW Bank ETF (NASDAQ:KBWB) Reaches New 1-Year High at $53.85

Invesco KBW Bank ETF (NASDAQ:KBWB) reached a new 52-week high during trading on Tuesday . The stock traded as high as $53.85 and last traded at $53.71, with a volume of 55260 shares changing hands. The stock had previously closed at $53.51.

Invesco KBW Bank ETF Price Performance

The business’s 50-day simple moving average is $51.63 and its two-hundred day simple moving average is $47.81. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 10.29 and a beta of 1.19.

Invesco KBW Bank ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were issued a dividend of $0.4265 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.71 annualized dividend and a dividend yield of 3.19%.

Institutional Investors Weigh In On Invesco KBW Bank ETF

Hedge funds have recently modified their holdings of the stock. Concourse Financial Group Securities Inc. increased its holdings in Invesco KBW Bank ETF by 1,000.0% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,210 shares of the company’s stock worth $48,000 after purchasing an additional 1,100 shares during the last quarter. Altfest L J & Co. Inc. bought a new position in shares of Invesco KBW Bank ETF during the third quarter valued at approximately $1,734,000. Meitav Investment House Ltd. raised its position in shares of Invesco KBW Bank ETF by 2.3% during the 3rd quarter. Meitav Investment House Ltd. now owns 37,529 shares of the company’s stock worth $1,502,000 after purchasing an additional 847 shares during the period. WP Advisors LLC lifted its holdings in shares of Invesco KBW Bank ETF by 5.2% in the 3rd quarter. WP Advisors LLC now owns 461,607 shares of the company’s stock worth $18,497,000 after purchasing an additional 22,945 shares during the last quarter. Finally, M&T Bank Corp boosted its position in Invesco KBW Bank ETF by 47.7% during the 3rd quarter. M&T Bank Corp now owns 7,385 shares of the company’s stock valued at $296,000 after purchasing an additional 2,385 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.