Invesco KBW Bank ETF (NASDAQ:KBWB) Reaches New 1-Year High – Still a Buy?

Shares of Invesco KBW Bank ETF (NASDAQ:KBWB) hit a new 52-week high on Tuesday . The company traded as high as $98.98 and last traded at $98.91, with a volume of 449212 shares changing hands. The stock had previously closed at $97.05.

Invesco KBW Bank ETF Stock Up 1.3%

The firm’s 50 day simple moving average is $93.38 and its 200-day simple moving average is $87.26. The company has a market capitalization of $6.92 billion, a PE ratio of 13.35 and a beta of 1.01.

Invesco KBW Bank ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.4729 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.89 annualized dividend and a dividend yield of 1.9%.

Institutional Trading of Invesco KBW Bank ETF

Large investors have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its position in Invesco KBW Bank ETF by 31.5% during the 4th quarter. Allworth Financial LP now owns 522 shares of the company’s stock worth $44,000 after acquiring an additional 125 shares during the period. City Center Advisors LLC increased its holdings in shares of Invesco KBW Bank ETF by 2.3% during the second quarter. City Center Advisors LLC now owns 8,567 shares of the company’s stock valued at $797,000 after purchasing an additional 189 shares during the period. Quadcap Wealth Management LLC increased its holdings in shares of Invesco KBW Bank ETF by 0.4% during the third quarter. Quadcap Wealth Management LLC now owns 55,017 shares of the company’s stock valued at $4,303,000 after purchasing an additional 235 shares during the period. Quattro Financial Advisors LLC raised its stake in shares of Invesco KBW Bank ETF by 0.7% during the fourth quarter. Quattro Financial Advisors LLC now owns 42,235 shares of the company’s stock valued at $3,560,000 after purchasing an additional 300 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Invesco KBW Bank ETF by 2.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 14,262 shares of the company’s stock valued at $1,202,000 after purchasing an additional 313 shares in the last quarter.

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.