Invesco KBW Bank ETF (NASDAQ:KBWB) Sets New 52-Week High – Still a Buy?

Shares of Invesco KBW Bank ETF (NASDAQ:KBWB) hit a new 52-week high on Thursday . The company traded as high as $72.03 and last traded at $72.01, with a volume of 725154 shares changing hands. The stock had previously closed at $71.18.

Invesco KBW Bank ETF Stock Up 0.9 %

The firm’s 50 day simple moving average is $68.15 and its 200-day simple moving average is $63.09. The company has a market capitalization of $3.45 billion, a PE ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a $0.3601 dividend. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On Invesco KBW Bank ETF

Several hedge funds and other institutional investors have recently bought and sold shares of KBWB. Robertson Stephens Wealth Management LLC grew its position in Invesco KBW Bank ETF by 1.7% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 10,504 shares of the company’s stock valued at $686,000 after acquiring an additional 173 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of Invesco KBW Bank ETF by 6.4% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,385 shares of the company’s stock valued at $287,000 after buying an additional 264 shares during the last quarter. Private Trust Co. NA grew its position in shares of Invesco KBW Bank ETF by 88.7% during the third quarter. Private Trust Co. NA now owns 566 shares of the company’s stock worth $33,000 after buying an additional 266 shares in the last quarter. Addison Advisors LLC increased its stake in shares of Invesco KBW Bank ETF by 1.7% in the fourth quarter. Addison Advisors LLC now owns 28,679 shares of the company’s stock worth $1,874,000 after buying an additional 485 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Invesco KBW Bank ETF in the third quarter valued at $29,000.

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.