Invesco KBW Bank ETF (NASDAQ:KBWB) Reaches New 52-Week High – What’s Next?

Invesco KBW Bank ETF (NASDAQ:KBWB)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $95.05 and last traded at $93.23, with a volume of 2810441 shares changing hands. The stock had previously closed at $93.55.

Invesco KBW Bank ETF Price Performance

The business’s 50 day moving average price is $86.92 and its 200-day moving average price is $84.75. The company has a market cap of $5.88 billion, a P/E ratio of 13.35 and a beta of 1.02.

Invesco KBW Bank ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.4898 dividend. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Trading of Invesco KBW Bank ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in shares of Invesco KBW Bank ETF by 47.5% in the fourth quarter. JPMorgan Chase & Co. now owns 9,166,004 shares of the company’s stock valued at $772,603,000 after purchasing an additional 2,950,181 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Invesco KBW Bank ETF by 9.3% in the fourth quarter. Fisher Asset Management LLC now owns 3,568,214 shares of the company’s stock valued at $300,765,000 after purchasing an additional 303,052 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Invesco KBW Bank ETF by 4.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,837,447 shares of the company’s stock valued at $239,168,000 after purchasing an additional 121,744 shares in the last quarter. Temasek Holdings Private Ltd increased its holdings in shares of Invesco KBW Bank ETF by 86.1% in the fourth quarter. Temasek Holdings Private Ltd now owns 1,989,001 shares of the company’s stock valued at $167,653,000 after purchasing an additional 920,001 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Invesco KBW Bank ETF by 2,620.7% in the third quarter. Two Sigma Investments LP now owns 1,213,448 shares of the company’s stock valued at $94,904,000 after purchasing an additional 1,168,848 shares in the last quarter.

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.