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

Invesco KBW Bank ETF (NASDAQ:KBWB) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $72.03 and last traded at $71.71, with a volume of 312423 shares traded. The stock had previously closed at $70.88.

Invesco KBW Bank ETF Stock Performance

The firm has a market cap of $3.41 billion, a PE ratio of 10.69 and a beta of 1.19. The company’s 50-day simple moving average is $68.09 and its two-hundred day simple moving average is $62.63.

Invesco KBW Bank ETF Dividend Announcement

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

Institutional Trading of Invesco KBW Bank ETF

Several large investors have recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new position in shares of Invesco KBW Bank ETF during the second quarter valued at approximately $1,193,000. Bank of Montreal Can increased its position in Invesco KBW Bank ETF by 936.3% during the 2nd quarter. Bank of Montreal Can now owns 36,063 shares of the company’s stock valued at $1,930,000 after buying an additional 32,583 shares in the last quarter. Marshall Wace LLP purchased a new position in Invesco KBW Bank ETF during the second quarter valued at $696,000. Cetera Investment Advisers boosted its holdings in Invesco KBW Bank ETF by 2.8% in the second quarter. Cetera Investment Advisers now owns 99,681 shares of the company’s stock worth $5,333,000 after acquiring an additional 2,762 shares in the last quarter. Finally, PVG Asset Management Corp purchased a new stake in shares of Invesco KBW Bank ETF in the second quarter worth $417,000.

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.