Invesco KBW Regional Banking ETF (NASDAQ:KBWR) Stock Price Down 1.3% – Time to Sell?

Invesco KBW Regional Banking ETF (NASDAQ:KBWR) shares fell 1.3% during mid-day trading on Monday . The stock traded as low as $69.8150 and last traded at $69.83. 1,981 shares were traded during trading, a decline of 66% from the average session volume of 5,830 shares. The stock had previously closed at $70.73.

Invesco KBW Regional Banking ETF Stock Performance

The company has a market capitalization of $53.77 million, a price-to-earnings ratio of 13.81 and a beta of 0.87. The business’s 50 day moving average is $69.15 and its 200 day moving average is $63.85.

Hedge Funds Weigh In On Invesco KBW Regional Banking ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KBWR. Byrne Financial Freedom LLC increased its holdings in shares of Invesco KBW Regional Banking ETF by 3.2% in the second quarter. Byrne Financial Freedom LLC now owns 63,642 shares of the company’s stock valued at $3,678,000 after purchasing an additional 1,981 shares during the period. Nwam LLC purchased a new stake in Invesco KBW Regional Banking ETF in the fourth quarter valued at approximately $416,000. Corient Private Wealth LLC acquired a new position in Invesco KBW Regional Banking ETF in the 4th quarter worth approximately $389,000. Jane Street Group LLC purchased a new position in Invesco KBW Regional Banking ETF during the 1st quarter worth approximately $302,000. Finally, Osaic Holdings Inc. raised its position in Invesco KBW Regional Banking ETF by 10.5% during the 4th quarter. Osaic Holdings Inc. now owns 4,283 shares of the company’s stock worth $265,000 after buying an additional 407 shares during the last quarter.

About Invesco KBW Regional Banking ETF

The Invesco KBW Regional Banking ETF (KBWR) is an exchange-traded fund that is based on the KBW Nasdaq Regional Banking index, a modified market-cap-weighted index focused exclusively on regional banking firms in the US. KBWR was launched on Nov 1, 2011 and is managed by Invesco.