Invesco KBW Bank ETF (NASDAQ:KBWB) Sees Strong Trading Volume

Shares of Invesco KBW Bank ETF (NASDAQ:KBWB) saw unusually-high trading volume on Tuesday . Approximately 588,192 shares traded hands during trading, a decline of 34% from the previous session’s volume of 892,683 shares.The stock last traded at $49.70 and had previously closed at $50.39.

Invesco KBW Bank ETF Stock Performance

The company’s 50 day simple moving average is $50.68 and its 200-day simple moving average is $46.55. The firm has a market capitalization of $1.41 billion, a PE ratio of 10.44 and a beta of 1.19.

Invesco KBW Bank ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given a $0.4265 dividend. The ex-dividend date was Monday, March 18th. This represents a $1.71 dividend on an annualized basis and a dividend yield of 3.42%.

Hedge Funds Weigh In On Invesco KBW Bank ETF

Institutional investors have recently added to or reduced their stakes in the business. Varma Mutual Pension Insurance Co increased its position in shares of Invesco KBW Bank ETF by 599.0% in the third quarter. Varma Mutual Pension Insurance Co now owns 5,800,272 shares of the company’s stock worth $232,417,000 after purchasing an additional 4,970,485 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Invesco KBW Bank ETF by 101.2% during the 1st quarter. JPMorgan Chase & Co. now owns 40,812 shares of the company’s stock valued at $1,713,000 after buying an additional 3,573,636 shares in the last quarter. Sculptor Capital LP bought a new stake in shares of Invesco KBW Bank ETF during the 1st quarter worth $71,473,000. Bank of America Corp DE grew its position in Invesco KBW Bank ETF by 156.6% in the first quarter. Bank of America Corp DE now owns 1,042,911 shares of the company’s stock worth $43,771,000 after acquiring an additional 636,478 shares in the last quarter. Finally, Barclays PLC increased its stake in Invesco KBW Bank ETF by 154.0% in the fourth quarter. Barclays PLC now owns 973,536 shares of the company’s stock valued at $47,888,000 after acquiring an additional 590,197 shares during 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.