Invesco KBW Bank ETF (NASDAQ:KBWB) Hits New 1-Year High – Time to Buy?

Invesco KBW Bank ETF (NASDAQ:KBWB)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $96.24 and last traded at $96.20, with a volume of 991185 shares. The stock had previously closed at $94.44.

Invesco KBW Bank ETF Trading Up 1.9%

The firm’s 50-day moving average price is $88.85 and its 200-day moving average price is $85.72. The stock has a market capitalization of $6.73 billion, a PE ratio of 13.35 and a beta of 1.01.

Invesco KBW Bank ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.4729 per share. This represents a $1.89 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, June 22nd.

Hedge Funds Weigh In On Invesco KBW Bank ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. 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 valued at $772,603,000 after purchasing an additional 2,950,181 shares during the last quarter. Fisher Asset Management LLC lifted its position in 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 worth $300,765,000 after buying an additional 303,052 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Invesco KBW Bank ETF by 4.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,837,447 shares of the company’s stock worth $239,168,000 after buying an additional 121,744 shares during the period. Temasek Holdings Private Ltd boosted 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 period. Finally, Two Sigma Investments LP increased its position in 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 valued at $94,904,000 after acquiring an additional 1,168,848 shares during 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.