Invesco KBW Regional Banking ETF (NASDAQ:KBWR) Shares Down 0.2% – Here’s What Happened

Invesco KBW Regional Banking ETF (NASDAQ:KBWR)’s share price traded down 0.2% during trading on Tuesday . The company traded as low as $56.15 and last traded at $56.53. 2,190 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 4,534 shares. The stock had previously closed at $56.63.

Invesco KBW Regional Banking ETF Stock Down 0.2 %

The business has a 50 day simple moving average of $60.63 and a 200 day simple moving average of $60.41. The company has a market capitalization of $51.44 million, a PE ratio of 14.01 and a beta of 1.05.

Invesco KBW Regional Banking ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a $0.4104 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Invesco KBW Regional Banking ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in shares of Invesco KBW Regional Banking ETF by 41.0% in the fourth quarter. Bank of America Corp DE now owns 37,558 shares of the company’s stock valued at $2,246,000 after purchasing an additional 10,914 shares during the period. LPL Financial LLC increased its holdings in shares of Invesco KBW Regional Banking ETF by 1.9% in the fourth quarter. LPL Financial LLC now owns 19,706 shares of the company’s stock valued at $1,178,000 after purchasing an additional 366 shares during the period. Meritage Portfolio Management increased its holdings in shares of Invesco KBW Regional Banking ETF by 12.3% in the fourth quarter. Meritage Portfolio Management now owns 10,170 shares of the company’s stock valued at $608,000 after purchasing an additional 1,115 shares during the period. Two Sigma Securities LLC acquired a new position in shares of Invesco KBW Regional Banking ETF in the fourth quarter valued at about $222,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Invesco KBW Regional Banking ETF in the fourth quarter valued at about $143,000.

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.