Invesco KBW Bank ETF (NASDAQ:KBWB) Hits New 52-Week High – Still a Buy?

Invesco KBW Bank ETF (NASDAQ:KBWB) hit a new 52-week high during trading on Tuesday . The company traded as high as $98.98 and last traded at $98.91, with a volume of 449212 shares trading hands. The stock had previously closed at $97.05.

Invesco KBW Bank ETF Price Performance

The stock’s 50 day simple moving average is $93.84 and its two-hundred day simple moving average is $87.43. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 13.35 and a beta of 1.02.

Invesco KBW Bank ETF Announces Dividend

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

Institutional Trading of Invesco KBW Bank ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in shares of Invesco KBW Bank ETF by 47.5% during the 4th quarter. JPMorgan Chase & Co. now owns 9,166,004 shares of the company’s stock worth $772,603,000 after purchasing an additional 2,950,181 shares in the last quarter. Two Sigma Investments LP boosted its position in 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 buying an additional 1,168,848 shares in the last quarter. Temasek Holdings Private Ltd grew its stake in Invesco KBW Bank ETF by 86.1% during the fourth quarter. Temasek Holdings Private Ltd now owns 1,989,001 shares of the company’s stock worth $167,653,000 after buying an additional 920,001 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in Invesco KBW Bank ETF during the fourth quarter worth about $72,072,000. Finally, Annex Advisory Services LLC increased its holdings in shares of Invesco KBW Bank ETF by 94.4% during 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 in the last quarter.

About Invesco KBW Bank ETF

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.