Invesco KBW Regional Banking ETF (NASDAQ:KBWR) Shares Up 1.3% – What’s Next?

Invesco KBW Regional Banking ETF (NASDAQ:KBWR)’s stock price was up 1.3% during mid-day trading on Tuesday . The stock traded as high as $68.87 and last traded at $68.2766. Approximately 670 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 5,830 shares. The stock had previously closed at $67.4058.

Invesco KBW Regional Banking ETF Price Performance

The business’s 50-day moving average price is $69.73 and its 200 day moving average price is $67.98. The firm has a market capitalization of $52.57 million, a price-to-earnings ratio of 13.81 and a beta of 0.87.

Institutional Investors Weigh In On Invesco KBW Regional Banking ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in Invesco KBW Regional Banking ETF in the 1st quarter valued at about $302,000. Raymond James Financial Inc. purchased a new stake in shares of Invesco KBW Regional Banking ETF during the second quarter worth about $43,000. Osaic Holdings Inc. lifted its stake in shares of Invesco KBW Regional Banking ETF by 46.5% in the second quarter. Osaic Holdings Inc. now owns 3,622 shares of the company’s stock worth $209,000 after acquiring an additional 1,149 shares in the last quarter. SOL Capital Management CO acquired a new position in shares of Invesco KBW Regional Banking ETF in the fourth quarter worth about $203,000. Finally, Nwam LLC purchased a new position in Invesco KBW Regional Banking ETF in the fourth quarter valued at about $416,000.

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.