Invesco KBW Bank ETF (NASDAQ:KBWB) Sees Strong Trading Volume – What’s Next?

Shares of Invesco KBW Bank ETF (NASDAQ:KBWB) saw an uptick in trading volume on Friday . 3,706,232 shares changed hands during trading, an increase of 203% from the previous session’s volume of 1,222,552 shares.The stock last traded at $53.22 and had previously closed at $57.23.

Invesco KBW Bank ETF Price Performance

The company has a market cap of $3.20 billion, a price-to-earnings ratio of 13.06 and a beta of 1.19. The business’s fifty day moving average price is $66.53 and its 200 day moving average price is $65.68.

Invesco KBW Bank ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.4118 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Invesco KBW Bank ETF’s previous dividend of $0.36.

Hedge Funds Weigh In On Invesco KBW Bank ETF

Hedge funds have recently made changes to their positions in the stock. Synergy Asset Management LLC acquired a new stake in Invesco KBW Bank ETF during the 4th quarter valued at approximately $40,000. Thompson Investment Management Inc. bought a new stake in shares of Invesco KBW Bank ETF in the 4th quarter valued at $54,000. Webster Bank N. A. bought a new stake in shares of Invesco KBW Bank ETF in the 1st quarter valued at $54,000. FMR LLC increased its position in shares of Invesco KBW Bank ETF by 32.3% during the third quarter. FMR LLC now owns 2,108 shares of the company’s stock worth $124,000 after buying an additional 515 shares during the period. Finally, Finley Financial LLC bought a new position in Invesco KBW Bank ETF during the fourth quarter worth $156,000.

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.