Invesco KBW Bank ETF (NASDAQ:KBWB) Sets New 12-Month High – Still a Buy?

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

Invesco KBW Bank ETF Stock Performance

The business’s 50-day moving average price is $68.18 and its 200 day moving average price is $63.21. The company has a market cap of $3.46 billion, a P/E ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a dividend of $0.3601 per share. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Invesco KBW Bank ETF

A number of hedge funds have recently made changes to their positions in KBWB. Capital Performance Advisors LLP bought a new stake in Invesco KBW Bank ETF in the 3rd quarter valued at $29,000. Private Trust Co. NA raised 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 valued at $33,000 after purchasing an additional 266 shares during the period. Synergy Asset Management LLC bought a new position in shares of Invesco KBW Bank ETF in the fourth quarter valued at about $40,000. Thompson Investment Management Inc. bought a new stake in shares of Invesco KBW Bank ETF during the 4th quarter worth about $54,000. Finally, HM Payson & Co. bought a new stake in shares of Invesco KBW Bank ETF during the 3rd quarter worth about $68,000.

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.