Invesco KBW Bank ETF (NASDAQ:KBWB) Reaches New 12-Month High – What’s Next?

Invesco KBW Bank ETF (NASDAQ:KBWB) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $99.48 and last traded at $99.40, with a volume of 705318 shares trading hands. The stock had previously closed at $98.26.

Invesco KBW Bank ETF Stock Up 1.1%

The business has a fifty day simple moving average of $94.72 and a two-hundred day simple moving average of $87.77. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 13.35 and a beta of 1.02.

Invesco KBW Bank ETF Dividend Announcement

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

Institutional Investors Weigh In On Invesco KBW Bank ETF

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake 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 buying an additional 2,950,181 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Invesco KBW Bank ETF by 9.3% during the 4th quarter. Fisher Asset Management LLC now owns 3,568,214 shares of the company’s stock valued at $300,765,000 after acquiring an additional 303,052 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in 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 buying an additional 121,744 shares during the period. Temasek Holdings Private Ltd raised its position in shares of Invesco KBW Bank ETF by 86.1% in the 4th quarter. Temasek Holdings Private Ltd now owns 1,989,001 shares of the company’s stock valued at $167,653,000 after acquiring an additional 920,001 shares during the period. Finally, Two Sigma Investments LP boosted its position in shares of Invesco KBW Bank ETF by 2,620.7% during the third quarter. Two Sigma Investments LP now owns 1,213,448 shares of the company’s stock worth $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.