Invesco KBW Regional Banking ETF (NASDAQ:KBWR) Trading Up 1.3% – Still a Buy?

Invesco KBW Regional Banking ETF (NASDAQ:KBWR)’s stock price rose 1.3% during trading on Wednesday . The company traded as high as $68.87 and last traded at $68.2766. Approximately 670 shares were traded during trading, a decline of 89% from the average session volume of 5,830 shares. The stock had previously closed at $67.4058.

Invesco KBW Regional Banking ETF Stock Up 1.3%

The stock has a fifty day moving average price of $69.09 and a two-hundred day moving average price of $68.49. The company has a market capitalization of $52.57 million, a price-to-earnings ratio of 13.81 and a beta of 0.87.

Institutional Trading of Invesco KBW Regional Banking ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Corient Private Wealth LLC acquired a new position in Invesco KBW Regional Banking ETF in the 4th quarter valued at $389,000. Osaic Holdings Inc. increased its stake in Invesco KBW Regional Banking ETF by 10.5% in the fourth quarter. Osaic Holdings Inc. now owns 4,283 shares of the company’s stock valued at $265,000 after purchasing an additional 407 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Invesco KBW Regional Banking ETF in the fourth quarter valued at $74,000. Cherry Tree Wealth Management LLC purchased a new position in Invesco KBW Regional Banking ETF during the fourth quarter worth about $31,000. Finally, Nwam LLC purchased a new position in Invesco KBW Regional Banking ETF during the fourth quarter worth about $416,000.

About Invesco KBW Regional Banking ETF

The Invesco KBW Regional Banking ETF (KBWR) is an exchange-traded fund that is based on the KBW Nasdaq Regional Banking index, a modified market-cap-weighted index focused exclusively on regional banking firms in the US. KBWR was launched on Nov 1, 2011 and is managed by Invesco.