Invesco KBW Bank ETF (NASDAQ:KBWB) Reaches New 1-Year High – Here’s What Happened

Invesco KBW Bank ETF (NASDAQ:KBWB)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $100.61 and last traded at $99.27, with a volume of 576596 shares. The stock had previously closed at $99.69.

Invesco KBW Bank ETF Stock Performance

The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 13.35 and a beta of 1.02. The stock’s fifty day moving average is $95.86 and its two-hundred day moving average is $88.34.

Invesco KBW Bank ETF Dividend Announcement

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

Hedge Funds Weigh In On Invesco KBW Bank ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Compass Financial Management LLC bought a new stake in Invesco KBW Bank ETF during the 2nd quarter valued at $617,000. Trust Co. of Vermont bought a new position in shares of Invesco KBW Bank ETF in the second quarter worth $129,000. Annex Advisory Services LLC grew its stake in shares of Invesco KBW Bank ETF by 94.4% in the second quarter. Annex Advisory Services LLC now owns 756,328 shares of the company’s stock worth $70,323,000 after purchasing an additional 367,271 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of Invesco KBW Bank ETF by 1.0% in the second quarter. Wealthcare Advisory Partners LLC now owns 87,489 shares of the company’s stock worth $8,135,000 after purchasing an additional 845 shares in the last quarter. Finally, MRA Advisory Group acquired a new position in shares of Invesco KBW Bank ETF during the second quarter valued at $226,000.

Invesco KBW Bank ETF Company Profile

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.