Invesco KBW Bank ETF (NASDAQ:KBWB) Sets New 52-Week High Following Dividend Announcement

Shares of Invesco KBW Bank ETF (NASDAQ:KBWB) reached a new 52-week high on Monday following a dividend announcement from the company. The company traded as high as $86.02 and last traded at $85.9380, with a volume of 569783 shares. The stock had previously closed at $85.27.

The newly announced dividend which will be paid on Friday, December 26th. Investors of record on Monday, December 22nd will be issued a $0.4442 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 2.1%.

Invesco KBW Bank ETF Price Performance

The business has a fifty day moving average of $78.61 and a 200-day moving average of $75.65. The stock has a market cap of $6.36 billion, a PE ratio of 13.35 and a beta of 1.11.

Institutional Trading of Invesco KBW Bank ETF

A number of institutional investors have recently made changes to their positions in the company. Allworth Financial LP boosted its stake in shares of Invesco KBW Bank ETF by 59.4% in the 2nd quarter. Allworth Financial LP now owns 400 shares of the company’s stock valued at $29,000 after buying an additional 149 shares during the period. Fifth Third Bancorp acquired a new stake in Invesco KBW Bank ETF in the second quarter valued at about $31,000. UMB Bank n.a. acquired a new stake in shares of Invesco KBW Bank ETF in the 3rd quarter worth approximately $31,000. AE Wealth Management LLC grew its position in shares of Invesco KBW Bank ETF by 214.4% in the second quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock valued at $33,000 after purchasing an additional 313 shares during the last quarter. Finally, Comerica Bank increased its position in Invesco KBW Bank ETF by 58.3% during the 1st quarter. Comerica Bank now owns 1,189 shares of the company’s stock worth $75,000 after purchasing an additional 438 shares in the last quarter.

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.