Invesco KBW Bank ETF (NASDAQ:KBWB) Reaches New 12-Month Low at $44.40

Invesco KBW Bank ETF (NASDAQ:KBWB – Get Rating)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $44.40 and last traded at $44.40, with a volume of 42371 shares traded. The stock had previously closed at $47.55.

Invesco KBW Bank ETF Stock Up 3.1 %

The stock has a 50-day moving average price of $55.32 and a 200 day moving average price of $53.65. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 8.67 and a beta of 1.21.

Invesco KBW Bank ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 23rd. Shareholders of record on Tuesday, December 20th were issued a dividend of $0.407 per share. This represents a $1.63 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend was Monday, December 19th. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.38.

Institutional Investors Weigh In On Invesco KBW Bank ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Red Spruce Capital LLC increased its holdings in Invesco KBW Bank ETF by 2.6% in the third quarter. Red Spruce Capital LLC now owns 10,181 shares of the company’s stock valued at $500,000 after buying an additional 260 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Invesco KBW Bank ETF by 3.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 10,297 shares of the company’s stock worth $506,000 after acquiring an additional 324 shares in the last quarter. MRA Advisory Group lifted its stake in Invesco KBW Bank ETF by 0.3% during the fourth quarter. MRA Advisory Group now owns 113,070 shares of the company’s stock worth $5,837,000 after purchasing an additional 348 shares during the last quarter. Choate Investment Advisors boosted its holdings in Invesco KBW Bank ETF by 1.3% in the second quarter. Choate Investment Advisors now owns 29,231 shares of the company’s stock valued at $1,513,000 after purchasing an additional 383 shares in the last quarter. Finally, Access Financial Services Inc. increased its stake in Invesco KBW Bank ETF by 2.2% in the third quarter. Access Financial Services Inc. now owns 19,950 shares of the company’s stock valued at $980,000 after purchasing an additional 433 shares during the last quarter.

About Invesco KBW Bank ETF

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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.