Invesco KBW Bank ETF (NASDAQ:KBWB) Reaches New 52-Week High at $53.85

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

Invesco KBW Bank ETF Trading Up 0.9 %

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

Invesco KBW Bank ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Trust Co. of Vermont grew its position in shares of Invesco KBW Bank ETF by 105.3% during the fourth quarter. Trust Co. of Vermont now owns 616 shares of the company’s stock worth $30,000 after buying an additional 316 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in Invesco KBW Bank ETF during the 4th quarter worth approximately $37,000. Concourse Financial Group Securities Inc. raised its holdings in shares of 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 purchasing an additional 1,100 shares in the last quarter. Capital Analysts LLC raised its holdings in shares of Invesco KBW Bank ETF by 6,779.5% in the 4th quarter. Capital Analysts LLC now owns 2,683 shares of the company’s stock valued at $132,000 after purchasing an additional 2,644 shares in the last quarter. Finally, Satovsky Asset Management LLC purchased a new stake in shares of Invesco KBW Bank ETF during the 1st quarter worth $203,000.

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.