Invesco KBW Bank ETF (NASDAQ:KBWB) Hits New 1-Year High – What’s Next?

by · The Cerbat Gem

Invesco KBW Bank ETF (NASDAQ:KBWB – Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $86.00 and last traded at $85.8610, with a volume of 568 shares. The stock had previously closed at $84.92.

Invesco KBW Bank ETF Price Performance

The company has a market cap of $6.33 billion, a PE ratio of 13.35 and a beta of 1.11. The company’s fifty day moving average price is $77.74 and its 200 day moving average price is $74.99.

Invesco KBW Bank ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a dividend of $0.4515 per share. The ex-dividend date of this dividend was Monday, September 22nd. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.41. This represents a $1.81 dividend on an annualized basis and a dividend yield of 2.1%.

Institutional Investors Weigh In On Invesco KBW Bank ETF

Large investors have recently made changes to their positions in the business. Investment Research Partners LLC purchased a new position in shares of Invesco KBW Bank ETF in the 3rd quarter worth about $453,000. JPMorgan Chase & Co. boosted its stake in Invesco KBW Bank ETF by 77.4% in the third quarter. JPMorgan Chase & Co. now owns 6,215,823 shares of the company’s stock valued at $486,140,000 after acquiring an additional 2,712,112 shares during the last quarter. Vermillion & White Wealth Management Group LLC bought a new position in shares of Invesco KBW Bank ETF during the 3rd quarter valued at approximately $3,912,000. CIBC Private Wealth Group LLC bought a new position in shares of Invesco KBW Bank ETF during the 3rd quarter valued at approximately $86,000. Finally, Quadcap Wealth Management LLC increased its stake in shares of Invesco KBW Bank ETF by 0.4% during the 3rd quarter. Quadcap Wealth Management LLC now owns 55,017 shares of the company’s stock worth $4,303,000 after purchasing an additional 235 shares during the last quarter.

About Invesco KBW Bank ETF

(Get Free Report)

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.

See Also