Invesco KBW Regional Banking ETF (NASDAQ:KBWR) Stock Price Down 1.2% – Here’s Why

Invesco KBW Regional Banking ETF (NASDAQ:KBWR)’s stock price dropped 1.2% during mid-day trading on Monday . The company traded as low as $68.15 and last traded at $68.50. Approximately 5,863 shares changed hands during trading, an increase of 1% from the average daily volume of 5,830 shares. The stock had previously closed at $69.3075.

Invesco KBW Regional Banking ETF Trading Down 1.2%

The stock’s 50-day simple moving average is $70.01 and its 200-day simple moving average is $64.56. The stock has a market cap of $52.75 million, a price-to-earnings ratio of 13.81 and a beta of 0.87.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Cherry Tree Wealth Management LLC acquired a new position in shares of Invesco KBW Regional Banking ETF during the 4th quarter worth approximately $31,000. Raymond James Financial Inc. bought a new stake in shares of Invesco KBW Regional Banking ETF during the 2nd quarter worth approximately $43,000. Kestra Advisory Services LLC bought a new stake in shares of Invesco KBW Regional Banking ETF during the 4th quarter worth approximately $74,000. SOL Capital Management CO bought a new stake in shares of Invesco KBW Regional Banking ETF during the 4th quarter worth approximately $203,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of Invesco KBW Regional Banking ETF by 46.5% during the 2nd quarter. Osaic Holdings Inc. now owns 3,622 shares of the company’s stock worth $209,000 after acquiring an additional 1,149 shares during the period.

Invesco KBW Regional Banking ETF Company Profile

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.