Invesco KBW Bank ETF (NASDAQ:KBWB) Sets New 12-Month High – Here’s What Happened

Shares of Invesco KBW Bank ETF (NASDAQ:KBWB) hit a new 52-week high during trading on Wednesday . The company traded as high as $72.03 and last traded at $71.71, with a volume of 312423 shares. The stock had previously closed at $70.88.

Invesco KBW Bank ETF Stock Down 0.0 %

The firm’s fifty day moving average price is $68.09 and its two-hundred day moving average price is $62.63. The stock has a market capitalization of $3.41 billion, a PE ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a dividend of $0.3601 per share. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On Invesco KBW Bank ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Invesco KBW Bank ETF by 1,780,000.0% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,670,150 shares of the company’s stock valued at $174,494,000 after purchasing an additional 2,670,000 shares during the period. Fisher Asset Management LLC lifted its position in shares of Invesco KBW Bank ETF by 11.6% in the third quarter. Fisher Asset Management LLC now owns 2,529,651 shares of the company’s stock valued at $148,263,000 after acquiring an additional 262,800 shares in the last quarter. Wharton Business Group LLC lifted its position in shares of Invesco KBW Bank ETF by 27.4% in the third quarter. Wharton Business Group LLC now owns 1,987,535 shares of the company’s stock valued at $116,489,000 after acquiring an additional 427,872 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Invesco KBW Bank ETF by 129,166.7% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 620,480 shares of the company’s stock valued at $40,548,000 after acquiring an additional 620,000 shares in the last quarter. Finally, Fiduciary Trust Co purchased a new position in shares of Invesco KBW Bank ETF in the third quarter valued at about $27,113,000.

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.