Invesco KBW Bank ETF (NASDAQ:KBWB) Sets New 1-Year High at $53.85

Invesco KBW Bank ETF (NASDAQ:KBWB)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $53.85 and last traded at $53.71, with a volume of 55260 shares changing hands. The stock had previously closed at $53.51.

Invesco KBW Bank ETF Stock Up 0.9 %

The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 10.29 and a beta of 1.19. The company’s fifty day simple moving average is $51.89 and its two-hundred day simple moving average is $48.01.

Invesco KBW Bank ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.4265 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.71 annualized dividend and a yield of 3.14%.

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 stock. Trust Co. of Vermont raised its holdings in shares of Invesco KBW Bank ETF by 105.3% in the fourth quarter. Trust Co. of Vermont now owns 616 shares of the company’s stock valued at $30,000 after purchasing an additional 316 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in Invesco KBW Bank ETF in the fourth quarter valued at $37,000. Concourse Financial Group Securities Inc. increased its stake in Invesco KBW Bank ETF by 1,000.0% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,210 shares of the company’s stock valued at $48,000 after buying an additional 1,100 shares during the last quarter. Capital Analysts LLC boosted its stake in shares of Invesco KBW Bank ETF by 6,779.5% during the 4th quarter. Capital Analysts LLC now owns 2,683 shares of the company’s stock worth $132,000 after buying an additional 2,644 shares during the last quarter. Finally, Satovsky Asset Management LLC bought a new position in shares of Invesco KBW Bank ETF in the 1st quarter valued at about $203,000.

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.