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

Invesco KBW Bank ETF (NASDAQ:KBWB)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $92.28 and last traded at $92.02, with a volume of 125785 shares. The stock had previously closed at $91.05.

Invesco KBW Bank ETF Stock Up 1.1%

The stock’s fifty day simple moving average is $85.93 and its two-hundred day simple moving average is $84.33. The firm has a market cap of $5.81 billion, a PE ratio of 13.35 and a beta of 1.02.

Invesco KBW Bank ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.4898 dividend. This represents a $1.96 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, March 23rd. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in Invesco KBW Bank ETF by 47.5% in the fourth 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 increased its holdings in shares of Invesco KBW Bank ETF by 2,620.7% during the third quarter. Two Sigma Investments LP now owns 1,213,448 shares of the company’s stock valued at $94,904,000 after acquiring an additional 1,168,848 shares in the last quarter. Temasek Holdings Private Ltd purchased a new position in shares of Invesco KBW Bank ETF in the 3rd quarter worth about $83,606,000. BNP Paribas Financial Markets purchased a new position in shares of Invesco KBW Bank ETF in the 4th quarter worth about $72,072,000. Finally, Fisher Asset Management LLC boosted its stake in Invesco KBW Bank ETF by 9.3% in the 4th quarter. Fisher Asset Management LLC now owns 3,568,214 shares of the company’s stock worth $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.