Invesco KBW Regional Banking ETF (NASDAQ:KBWR) Trading 3.3% Higher

Invesco KBW Regional Banking ETF (NASDAQ:KBWR) traded up 3.3% on Monday . The stock traded as high as $53.87 and last traded at $53.78. 6,837 shares changed hands during trading, an increase of 7% from the average session volume of 6,385 shares. The stock had previously closed at $52.07.

Invesco KBW Regional Banking ETF Stock Up 3.3 %

The company has a 50 day simple moving average of $49.01 and a two-hundred day simple moving average of $49.81. The company has a market capitalization of $54.86 million, a P/E ratio of 9.98 and a beta of 1.05.

Invesco KBW Regional Banking ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a dividend of $0.4008 per share. This is a boost from Invesco KBW Regional Banking ETF’s previous quarterly dividend of $0.40. This represents a $1.60 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend was Monday, June 24th.

Institutional Investors Weigh In On Invesco KBW Regional Banking ETF

Several large investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA purchased a new stake in shares of Invesco KBW Regional Banking ETF in the fourth quarter valued at approximately $46,000. Bordeaux Wealth Advisors LLC purchased a new stake in Invesco KBW Regional Banking ETF during the fourth quarter worth $232,000. BSW Wealth Partners purchased a new stake in Invesco KBW Regional Banking ETF during the fourth quarter worth $235,000. Private Advisor Group LLC lifted its holdings in Invesco KBW Regional Banking ETF by 130.6% during the fourth quarter. Private Advisor Group LLC now owns 43,118 shares of the company’s stock worth $2,357,000 after buying an additional 24,421 shares during the period. Finally, Synergy Asset Management LLC purchased a new stake in Invesco KBW Regional Banking ETF during the fourth quarter worth $3,048,000.

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.