Invesco KBW Bank ETF (NASDAQ:KBWB) Hits New 12-Month High – Here’s What Happened

Invesco KBW Bank ETF (NASDAQ:KBWB) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $59.80 and last traded at $59.80, with a volume of 1102 shares changing hands. The stock had previously closed at $59.29.

Invesco KBW Bank ETF Stock Performance

The stock’s fifty day simple moving average is $57.42 and its 200-day simple moving average is $55.06. The stock has a market cap of $1.81 billion, a P/E ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.424 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend was Monday, September 23rd. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40.

Institutional Trading of Invesco KBW Bank ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. RFG Holdings Inc. lifted its holdings in shares of Invesco KBW Bank ETF by 4.3% during the 3rd quarter. RFG Holdings Inc. now owns 202,888 shares of the company’s stock worth $11,893,000 after acquiring an additional 8,353 shares during the period. Verde Servicos Internacionais S.A. bought a new stake in shares of Invesco KBW Bank ETF during the 3rd quarter worth approximately $5,093,000. Sanctuary Advisors LLC bought a new stake in shares of Invesco KBW Bank ETF during the 2nd quarter worth approximately $547,000. PVG Asset Management Corp bought a new stake in shares of Invesco KBW Bank ETF during the 2nd quarter worth approximately $417,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Invesco KBW Bank ETF by 2.8% during the 2nd quarter. Cetera Investment Advisers now owns 99,681 shares of the company’s stock worth $5,333,000 after acquiring an additional 2,762 shares during the period.

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.