Invesco KBW Bank ETF (NASDAQ:KBWB) Sets New 12-Month High – Here’s What Happened

Invesco KBW Bank ETF (NASDAQ:KBWB)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $72.03 and last traded at $72.01, with a volume of 725154 shares trading hands. The stock had previously closed at $71.18.

Invesco KBW Bank ETF Trading Up 0.9 %

The company’s 50 day simple moving average is $68.15 and its 200-day simple moving average is $63.09. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a $0.3601 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On Invesco KBW Bank ETF

Hedge funds have recently made changes to their positions in the business. Robertson Stephens Wealth Management LLC lifted its position in Invesco KBW Bank ETF by 1.7% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 10,504 shares of the company’s stock worth $686,000 after buying an additional 173 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in shares of Invesco KBW Bank ETF by 6.4% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,385 shares of the company’s stock worth $287,000 after acquiring an additional 264 shares during the period. Private Trust Co. NA boosted its position in shares of Invesco KBW Bank ETF by 88.7% in the third quarter. Private Trust Co. NA now owns 566 shares of the company’s stock worth $33,000 after acquiring an additional 266 shares during the last quarter. Addison Advisors LLC grew its holdings in Invesco KBW Bank ETF by 1.7% in the fourth quarter. Addison Advisors LLC now owns 28,679 shares of the company’s stock valued at $1,874,000 after purchasing an additional 485 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in Invesco KBW Bank ETF during the third quarter worth approximately $29,000.

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.