Invesco KBW Bank ETF (NASDAQ:KBWB) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Invesco KBW Bank ETF (NASDAQ:KBWB) saw an uptick in trading volume on Wednesday . 2,413,888 shares were traded during mid-day trading, an increase of 75% from the previous session’s volume of 1,379,593 shares.The stock last traded at $68.91 and had previously closed at $66.48.

Invesco KBW Bank ETF Trading Up 1.3 %

The stock has a market capitalization of $3.04 billion, a PE ratio of 10.69 and a beta of 1.19. The business’s 50 day moving average is $67.84 and its 200 day moving average is $61.63.

Invesco KBW Bank ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.3601 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Invesco KBW Bank ETF

Several hedge funds and other institutional investors have recently modified their holdings of KBWB. Sanctuary Advisors LLC purchased a new position in shares of Invesco KBW Bank ETF during the second quarter worth approximately $547,000. PVG Asset Management Corp purchased a new position in Invesco KBW Bank ETF during the 2nd quarter worth $417,000. Delos Wealth Advisors LLC raised its position in Invesco KBW Bank ETF by 17.5% during the 2nd quarter. Delos Wealth Advisors LLC now owns 27,654 shares of the company’s stock valued at $1,479,000 after purchasing an additional 4,123 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Invesco KBW Bank ETF by 88.7% in the 3rd quarter. Private Trust Co. NA now owns 566 shares of the company’s stock worth $33,000 after buying an additional 266 shares during the period. Finally, FMR LLC grew its position in shares of Invesco KBW Bank ETF by 32.3% during the 3rd quarter. FMR LLC now owns 2,108 shares of the company’s stock worth $124,000 after buying an additional 515 shares in the last quarter.

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.