Invesco KBW Bank ETF (NASDAQ:KBWB) Reaches New 12-Month High – Should You Buy?

Invesco KBW Bank ETF (NASDAQ:KBWB)’s share price reached a new 52-week high on Friday . The company traded as high as $70.21 and last traded at $70.14, with a volume of 113902 shares. The stock had previously closed at $69.54.

Invesco KBW Bank ETF Trading Up 1.5 %

The firm has a 50-day simple moving average of $62.53 and a 200-day simple moving average of $57.79. The firm has a market cap of $2.16 billion, a P/E ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.424 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.70 dividend on an annualized basis and a yield of 2.40%. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40.

Hedge Funds Weigh In On Invesco KBW Bank ETF

A number of large investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of Invesco KBW Bank ETF during the 3rd quarter valued at $29,000. Private Trust Co. NA raised its stake in 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 buying an additional 266 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Invesco KBW Bank ETF in the second quarter worth about $43,000. HM Payson & Co. purchased a new stake in shares of Invesco KBW Bank ETF during the third quarter worth about $68,000. Finally, Lynx Investment Advisory purchased a new stake in shares of Invesco KBW Bank ETF during the second quarter worth about $121,000.

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.