Invesco KBW Regional Banking ETF (NASDAQ:KBWR) Shares Up 0% – Still a Buy?

Invesco KBW Regional Banking ETF (NASDAQ:KBWR) shares shot up 0% during mid-day trading on Tuesday . The stock traded as high as $70.3575 and last traded at $70.3257. 517 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 5,830 shares. The stock had previously closed at $70.2966.

Invesco KBW Regional Banking ETF Trading Up 0.0%

The stock has a market capitalization of $54.15 million, a PE ratio of 13.81 and a beta of 0.87. The firm’s fifty day moving average is $69.89 and its 200-day moving average is $66.82.

Institutional Trading of Invesco KBW Regional Banking ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Cherry Tree Wealth Management LLC purchased a new stake in Invesco KBW Regional Banking ETF during the fourth quarter worth about $31,000. Raymond James Financial Inc. purchased a new stake in Invesco KBW Regional Banking ETF during the second quarter worth about $43,000. Kestra Advisory Services LLC purchased a new stake in Invesco KBW Regional Banking ETF during the fourth quarter worth about $74,000. SOL Capital Management CO purchased a new stake in Invesco KBW Regional Banking ETF during the fourth quarter worth about $203,000. Finally, Osaic Holdings Inc. increased its stake in Invesco KBW Regional Banking ETF by 46.5% during the second quarter. Osaic Holdings Inc. now owns 3,622 shares of the company’s stock worth $209,000 after purchasing an additional 1,149 shares during the period.

Invesco KBW Regional Banking ETF Company Profile

The Invesco KBW Regional Banking ETF (KBWR) is an exchange-traded fund that is based on the KBW Nasdaq Regional Banking index, a modified market-cap-weighted index focused exclusively on regional banking firms in the US. KBWR was launched on Nov 1, 2011 and is managed by Invesco.