Invesco KBW Regional Banking ETF (NASDAQ:KBWR) Trading Down 0.5% – Here’s Why

Invesco KBW Regional Banking ETF (NASDAQ:KBWR) dropped 0.5% on Monday . The company traded as low as $70.82 and last traded at $70.74. Approximately 2,013 shares changed hands during trading, a decline of 68% from the average daily volume of 6,300 shares. The stock had previously closed at $71.11.

Invesco KBW Regional Banking ETF Stock Performance

The business has a 50 day simple moving average of $64.66 and a 200-day simple moving average of $61.57. The firm has a market capitalization of $54.47 million, a price-to-earnings ratio of 13.81 and a beta of 0.87.

Invesco KBW Regional Banking ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.448 per share. The ex-dividend date was Monday, December 22nd. This represents a $1.79 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Invesco KBW Regional Banking ETF’s previous quarterly dividend of $0.40.

Institutional Trading of Invesco KBW Regional Banking ETF

Several institutional investors and hedge funds have recently bought and sold shares of KBWR. Byrne Financial Freedom LLC boosted its stake in Invesco KBW Regional Banking ETF by 3.2% during the second quarter. Byrne Financial Freedom LLC now owns 63,642 shares of the company’s stock worth $3,678,000 after buying an additional 1,981 shares during the period. Meritage Portfolio Management lifted its holdings in shares of Invesco KBW Regional Banking ETF by 4.3% in the 2nd quarter. Meritage Portfolio Management now owns 10,180 shares of the company’s stock worth $588,000 after acquiring an additional 420 shares during the last quarter. Nwam LLC purchased a new position in shares of Invesco KBW Regional Banking ETF during the 4th quarter worth approximately $416,000. Jane Street Group LLC acquired a new stake in Invesco KBW Regional Banking ETF in the 1st quarter valued at approximately $302,000. Finally, Osaic Holdings Inc. increased its holdings in Invesco KBW Regional Banking ETF by 46.5% in the 2nd quarter. Osaic Holdings Inc. now owns 3,622 shares of the company’s stock valued at $209,000 after purchasing an additional 1,149 shares during the last quarter.

Invesco KBW Regional Banking ETF Company Profile

The Invesco KBW Regional Banking ETF (KBWR) is an exchange-traded fund that is based on the KBW Nasdaq Regional Banking index, a modified market-cap-weighted index focused exclusively on regional banking firms in the US. KBWR was launched on Nov 1, 2011 and is managed by Invesco.