Invesco KBW Bank ETF (NASDAQ:KBWB) Hits New 52-Week High – Here’s What Happened

Invesco KBW Bank ETF (NASDAQ:KBWB)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $95.63 and last traded at $95.46, with a volume of 873981 shares trading hands. The stock had previously closed at $93.73.

Invesco KBW Bank ETF Trading Down 1.3%

The business’s 50-day moving average is $88.15 and its two-hundred day moving average is $85.36. The stock has a market capitalization of $5.90 billion, a PE ratio of 13.35 and a beta of 1.02.

Invesco KBW Bank ETF Dividend Announcement

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

Institutional Investors Weigh In On Invesco KBW Bank ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Comerica Bank raised its holdings in shares of Invesco KBW Bank ETF by 58.3% during the 1st quarter. Comerica Bank now owns 1,189 shares of the company’s stock valued at $75,000 after buying an additional 438 shares during the period. Jones Financial Companies Lllp boosted its holdings in Invesco KBW Bank ETF by 130.5% in the 1st quarter. Jones Financial Companies Lllp now owns 6,630 shares of the company’s stock worth $416,000 after acquiring an additional 3,754 shares during the period. NewEdge Advisors LLC boosted its holdings in Invesco KBW Bank ETF by 63.9% in the 2nd quarter. NewEdge Advisors LLC now owns 6,546 shares of the company’s stock worth $469,000 after acquiring an additional 2,553 shares during the period. Quantinno Capital Management LP grew its position in Invesco KBW Bank ETF by 2.8% in the second quarter. Quantinno Capital Management LP now owns 41,976 shares of the company’s stock valued at $3,006,000 after acquiring an additional 1,139 shares in the last quarter. Finally, BTG Pactual Asset Management US LLC acquired a new stake in Invesco KBW Bank ETF in the second quarter valued at approximately $82,000.

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.