Invesco KBW Bank ETF (NASDAQ:KBWB) Reaches New 12-Month High – Should You Buy?

Invesco KBW Bank ETF (NASDAQ:KBWB) hit a new 52-week high on Monday . The company traded as high as $91.22 and last traded at $90.8850, with a volume of 497853 shares trading hands. The stock had previously closed at $90.60.

Invesco KBW Bank ETF Trading Down 1.8%

The company has a market capitalization of $6.24 billion, a PE ratio of 13.35 and a beta of 1.11. The business has a fifty day moving average of $86.00 and a 200 day moving average of $79.79.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.4442 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 2.0%.

Institutional Investors Weigh In On Invesco KBW Bank ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP grew its stake in shares of Invesco KBW Bank ETF by 31.5% in the fourth quarter. Allworth Financial LP now owns 522 shares of the company’s stock worth $44,000 after acquiring an additional 125 shares in the last quarter. City Center Advisors LLC grew its stake in Invesco KBW Bank ETF by 2.7% during the 3rd quarter. City Center Advisors LLC now owns 7,990 shares of the company’s stock worth $625,000 after purchasing an additional 213 shares in the last quarter. Quadcap Wealth Management LLC increased its holdings in Invesco KBW Bank ETF by 0.4% during the 3rd quarter. Quadcap Wealth Management LLC now owns 55,017 shares of the company’s stock worth $4,303,000 after purchasing an additional 235 shares during the period. Leuthold Group LLC increased its holdings in Invesco KBW Bank ETF by 2.8% during the 2nd quarter. Leuthold Group LLC now owns 9,210 shares of the company’s stock worth $660,000 after purchasing an additional 247 shares during the period. Finally, Investment Management Corp VA ADV raised its position in Invesco KBW Bank ETF by 2.0% in the 3rd quarter. Investment Management Corp VA ADV now owns 13,183 shares of the company’s stock valued at $1,031,000 after purchasing an additional 256 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.