Invesco KBW Bank ETF (NASDAQ:KBWB) Sets New 1-Year High – Here’s What Happened

Shares of Invesco KBW Bank ETF (NASDAQ:KBWB) hit a new 52-week high on Tuesday . The stock traded as high as $97.76 and last traded at $97.67, with a volume of 168086 shares trading hands. The stock had previously closed at $95.96.

Invesco KBW Bank ETF Stock Up 1.5%

The stock has a market capitalization of $7.11 billion, a P/E ratio of 13.35 and a beta of 1.01. The firm’s 50-day simple moving average is $90.37 and its 200 day simple moving average is $86.32.

Invesco KBW Bank ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.4729 dividend. This represents a $1.89 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, June 22nd.

Institutional Trading of Invesco KBW Bank ETF

Large investors have recently added to or reduced their stakes in the business. Annex Advisory Services LLC grew its position in Invesco KBW Bank ETF by 94.4% in the second quarter. Annex Advisory Services LLC now owns 756,328 shares of the company’s stock worth $70,323,000 after buying an additional 367,271 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of Invesco KBW Bank ETF by 1.0% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 87,489 shares of the company’s stock valued at $8,135,000 after acquiring an additional 845 shares during the last quarter. MRA Advisory Group bought a new stake in shares of Invesco KBW Bank ETF during the 2nd quarter worth $226,000. Puff Wealth Management LLC bought a new stake in shares of Invesco KBW Bank ETF during the 2nd quarter worth $1,138,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Invesco KBW Bank ETF in the 2nd quarter worth $104,000.

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.