Invesco Bloomberg Financial Data Providers ETF (NASDAQ:FDIQ) Trading 0.5% Higher – Time to Buy?

Shares of Invesco Bloomberg Financial Data Providers ETF (NASDAQ:FDIQGet Free Report) were up 0.5% during mid-day trading on Wednesday . The company traded as high as $74.35 and last traded at $73.98. 3,272 shares were traded during trading, a decline of 25% from the average daily volume of 4,381 shares. The stock had previously closed at $73.59.

Invesco Bloomberg Financial Data Providers ETF Stock Up 0.5%

The company has a market cap of $540.05 million, a P/E ratio of 13.81 and a beta of 0.79. The company has a 50 day moving average price of $69.15 and a 200-day moving average price of $69.23.

Hedge Funds Weigh In On Invesco Bloomberg Financial Data Providers ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cherry Tree Wealth Management LLC acquired a new position in Invesco Bloomberg Financial Data Providers ETF during the 4th quarter valued at about $31,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco Bloomberg Financial Data Providers ETF in the 2nd quarter worth approximately $43,000. Kestra Advisory Services LLC bought a new position in shares of Invesco Bloomberg Financial Data Providers ETF in the fourth quarter valued at approximately $74,000. SOL Capital Management CO bought a new position in shares of Invesco Bloomberg Financial Data Providers ETF in the fourth quarter valued at approximately $203,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of Invesco Bloomberg Financial Data Providers ETF by 46.5% in the second quarter. Osaic Holdings Inc. now owns 3,622 shares of the company’s stock valued at $209,000 after acquiring an additional 1,149 shares in the last quarter.

About Invesco Bloomberg Financial Data Providers ETF

(Get Free Report)

Invesco KBW Regional Banking ETF (NASDAQ: FDIQ) is an exchange-traded fund designed to track the performance of an index focused on regional banking companies in the United States. The fund provides investors with exposure to a diversified group of banks that typically operate across local and regional markets, offering a way to gain targeted access to the U.S. banking sector through a single security.

The ETF is managed by Invesco, a global investment management firm known for offering a wide range of funds and other investment products.

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