Invesco KBW Regional Banking ETF (NASDAQ:KBWR) Trading 1.5% Higher – What’s Next?

Invesco KBW Regional Banking ETF (NASDAQ:KBWR) shares were up 1.5% during trading on Monday . The stock traded as high as $58.43 and last traded at $58.43. Approximately 11,216 shares were traded during mid-day trading, an increase of 88% from the average daily volume of 5,959 shares. The stock had previously closed at $57.54.

Invesco KBW Regional Banking ETF Price Performance

The company has a market cap of $53.76 million, a P/E ratio of 9.98 and a beta of 1.05. The business has a 50-day moving average of $63.33 and a two-hundred day moving average of $58.30.

Invesco KBW Regional Banking ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a $0.4104 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Invesco KBW Regional Banking ETF

A hedge fund recently raised its stake in Invesco KBW Regional Banking ETF stock. Meritage Portfolio Management lifted its position in Invesco KBW Regional Banking ETF (NASDAQ:KBWR) by 9.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,055 shares of the company’s stock after acquiring an additional 774 shares during the period. Meritage Portfolio Management owned 1.01% of Invesco KBW Regional Banking ETF worth $513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.