Invesco KBW Bank ETF (NASDAQ:KBWB) Sees Large Volume Increase – Time to Buy?

Shares of Invesco KBW Bank ETF (NASDAQ:KBWB) saw an uptick in trading volume on Tuesday . 1,314,925 shares were traded during mid-day trading, an increase of 51% from the previous session’s volume of 870,373 shares.The stock last traded at $69.01 and had previously closed at $68.86.

Invesco KBW Bank ETF Stock Performance

The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. The business’s 50-day moving average is $65.18 and its 200-day moving average is $59.07.

Invesco KBW Bank ETF Increases Dividend

The company also recently disclosed 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 is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, September 23rd. This represents a $1.70 annualized dividend and a dividend yield of 2.47%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Capital Performance Advisors LLP bought a new position in Invesco KBW Bank ETF in the 3rd quarter valued at $29,000. Private Trust Co. NA lifted its position in Invesco KBW Bank ETF by 88.7% during the 3rd 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. International Assets Investment Management LLC bought a new stake in Invesco KBW Bank ETF during the 2nd quarter worth about $43,000. HM Payson & Co. acquired a new stake in Invesco KBW Bank ETF in the 3rd quarter valued at about $68,000. Finally, FMR LLC raised its stake in shares of Invesco KBW Bank ETF by 32.3% in the third quarter. FMR LLC now owns 2,108 shares of the company’s stock worth $124,000 after acquiring an additional 515 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.