Invesco KBW Regional Banking ETF (NASDAQ:KBWR) Shares Up 0.1% – Time to Buy?

Invesco KBW Regional Banking ETF (NASDAQ:KBWR)’s stock price shot up 0.1% during trading on Tuesday . The company traded as high as $71.3940 and last traded at $71.3550. 1,776 shares traded hands during trading, a decline of 70% from the average session volume of 5,830 shares. The stock had previously closed at $71.2833.

Invesco KBW Regional Banking ETF Stock Performance

The business has a fifty day simple moving average of $70.50 and a 200 day simple moving average of $65.55. The stock has a market cap of $54.94 million, a price-to-earnings ratio of 13.81 and a beta of 0.87.

Institutional Investors Weigh In On Invesco KBW Regional Banking ETF

A number of large investors have recently bought and sold shares of KBWR. Nwam LLC acquired a new stake in shares of Invesco KBW Regional Banking ETF during the fourth quarter worth $416,000. Corient Private Wealth LLC acquired a new stake in shares of Invesco KBW Regional Banking ETF during the fourth quarter worth $389,000. Jane Street Group LLC acquired a new stake in shares of Invesco KBW Regional Banking ETF during the first quarter worth $302,000. Osaic Holdings Inc. boosted its holdings in shares of Invesco KBW Regional Banking ETF by 10.5% during the fourth quarter. Osaic Holdings Inc. now owns 4,283 shares of the company’s stock worth $265,000 after purchasing an additional 407 shares during the last quarter. Finally, SOL Capital Management CO acquired a new stake in shares of Invesco KBW Regional Banking ETF during the fourth quarter worth $203,000.

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.