Invesco KBW Regional Banking ETF (NASDAQ:KBWR) Shares Down 1.9% – Should You Sell?

Shares of Invesco KBW Regional Banking ETF (NASDAQ:KBWR) fell 1.9% on Monday . The company traded as low as $60.90 and last traded at $61.95. 2,987 shares traded hands during trading, a decline of 11% from the average session volume of 3,357 shares. The stock had previously closed at $63.17.

Invesco KBW Regional Banking ETF Price Performance

The company’s 50-day moving average price is $62.32 and its two-hundred day moving average price is $59.51. The company has a market capitalization of $57.96 million, a P/E ratio of 9.98 and a beta of 1.05.

Invesco KBW Regional Banking ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.4104 per share. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On Invesco KBW Regional Banking ETF

A number of institutional investors have recently modified their holdings of the business. Private Advisor Group LLC acquired a new stake in shares of Invesco KBW Regional Banking ETF during the 3rd quarter worth approximately $549,000. Meritage Portfolio Management lifted its stake in Invesco KBW Regional Banking ETF by 9.3% during the third quarter. Meritage Portfolio Management now owns 9,055 shares of the company’s stock worth $513,000 after purchasing an additional 774 shares during the last quarter. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Invesco KBW Regional Banking ETF in the 4th quarter valued at $143,000.

About Invesco KBW Regional Banking ETF

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.