Invesco KBW Bank ETF (NASDAQ:KBWB) Reaches New 12-Month High at $54.82

Invesco KBW Bank ETF (NASDAQ:KBWBGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $54.82 and last traded at $54.73, with a volume of 34585 shares changing hands. The stock had previously closed at $54.47.

Invesco KBW Bank ETF Stock Performance

The business’s 50 day moving average price is $51.98 and its 200-day moving average price is $48.28. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 10.29 and a beta of 1.19.

Invesco KBW Bank ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given a $0.4265 dividend. This represents a $1.71 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Monday, March 18th.

Institutional Investors Weigh In On Invesco KBW Bank ETF

Institutional investors have recently added to or reduced their stakes in the stock. Concourse Financial Group Securities Inc. lifted its position in shares of Invesco KBW Bank ETF by 1,000.0% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,210 shares of the company’s stock worth $48,000 after buying an additional 1,100 shares during the period. M&T Bank Corp lifted its holdings in shares of Invesco KBW Bank ETF by 47.7% during the third quarter. M&T Bank Corp now owns 7,385 shares of the company’s stock valued at $296,000 after acquiring an additional 2,385 shares during the period. Wharton Business Group LLC boosted its stake in shares of Invesco KBW Bank ETF by 28.8% in the 3rd quarter. Wharton Business Group LLC now owns 1,227,074 shares of the company’s stock valued at $49,169,000 after purchasing an additional 274,697 shares in the last quarter. Addison Advisors LLC grew its holdings in shares of Invesco KBW Bank ETF by 16.1% in the 3rd quarter. Addison Advisors LLC now owns 21,988 shares of the company’s stock worth $881,000 after purchasing an additional 3,045 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Invesco KBW Bank ETF by 1,762.6% during the 3rd quarter. Barclays PLC now owns 383,339 shares of the company’s stock worth $15,360,000 after purchasing an additional 362,758 shares in the last quarter.

About Invesco KBW Bank ETF

(Get Free Report)

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.

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