Invesco KBW Bank ETF (NASDAQ:KBWB) Sees Strong Trading Volume

Shares of Invesco KBW Bank ETF (NASDAQ:KBWB) saw unusually-strong trading volume on Tuesday . Approximately 588,192 shares traded hands during trading, a decline of 34% from the previous session’s volume of 892,683 shares.The stock last traded at $49.70 and had previously closed at $50.39.

Invesco KBW Bank ETF Trading Up 0.7 %

The business’s fifty day moving average price is $50.68 and its 200 day moving average price is $46.55. The company has a market capitalization of $1.41 billion, a P/E ratio of 10.44 and a beta of 1.19.

Invesco KBW Bank ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.4265 per share. This represents a $1.71 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Monday, March 18th.

Institutional Investors Weigh In On Invesco KBW Bank ETF

Several large investors have recently modified their holdings of KBWB. Koshinski Asset Management Inc. lifted its position in shares of Invesco KBW Bank ETF by 77.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 17,872 shares of the company’s stock worth $879,000 after buying an additional 7,783 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of Invesco KBW Bank ETF by 6,581.0% during the fourth quarter. Global Retirement Partners LLC now owns 13,362 shares of the company’s stock valued at $636,000 after acquiring an additional 13,162 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Invesco KBW Bank ETF in the 3rd quarter valued at $250,000. Miracle Mile Advisors LLC grew its holdings in shares of Invesco KBW Bank ETF by 1.4% in the 3rd quarter. Miracle Mile Advisors LLC now owns 335,149 shares of the company’s stock worth $13,429,000 after purchasing an additional 4,575 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Invesco KBW Bank ETF by 2.7% during the 3rd quarter. HighTower Advisors LLC now owns 15,389 shares of the company’s stock worth $609,000 after purchasing an additional 401 shares in the last quarter.

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.