Invesco KBW Bank ETF (NASDAQ:KBWB) Hits New 12-Month High – What’s Next?

Shares of Invesco KBW Bank ETF (NASDAQ:KBWB) reached a new 52-week high during trading on Monday . The company traded as high as $96.24 and last traded at $96.20, with a volume of 991185 shares. The stock had previously closed at $94.44.

Invesco KBW Bank ETF Stock Performance

The stock’s 50-day moving average price is $89.24 and its 200-day moving average price is $85.88. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 13.35 and a beta of 1.01.

Invesco KBW Bank ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.4729 per share. This represents a $1.89 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, June 22nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KBWB. Comerica Bank raised its position in Invesco KBW Bank ETF by 58.3% during the first quarter. Comerica Bank now owns 1,189 shares of the company’s stock worth $75,000 after acquiring an additional 438 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Invesco KBW Bank ETF by 130.5% during the 1st quarter. Jones Financial Companies Lllp now owns 6,630 shares of the company’s stock worth $416,000 after purchasing an additional 3,754 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Invesco KBW Bank ETF by 63.9% during the 2nd quarter. NewEdge Advisors LLC now owns 6,546 shares of the company’s stock worth $469,000 after purchasing an additional 2,553 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of Invesco KBW Bank ETF by 2.8% during the 2nd quarter. Quantinno Capital Management LP now owns 41,976 shares of the company’s stock worth $3,006,000 after purchasing an additional 1,139 shares during the last quarter. Finally, BTG Pactual Asset Management US LLC purchased a new stake in Invesco KBW Bank ETF in the 2nd quarter valued at approximately $82,000.

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.