Invesco KBW Bank ETF (NASDAQ:KBWB) Sees Strong Trading Volume – Still a Buy?

Shares of Invesco KBW Bank ETF (NASDAQ:KBWB) saw unusually-strong trading volume on Wednesday . Approximately 2,413,888 shares were traded during 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 Stock Up 4.3 %

The firm has a market capitalization of $2.94 billion, a PE ratio of 10.69 and a beta of 1.19. The stock has a 50-day simple moving average of $67.81 and a 200-day simple moving average of $61.53.

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 paid a $0.3601 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On Invesco KBW Bank ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new stake in shares of Invesco KBW Bank ETF in the second quarter valued at approximately $547,000. PVG Asset Management Corp purchased a new position in Invesco KBW Bank ETF in the 2nd quarter valued at approximately $417,000. Delos Wealth Advisors LLC raised its holdings 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 acquiring an additional 4,123 shares during the period. Private Trust Co. NA lifted its position in shares of Invesco KBW Bank ETF by 88.7% during the third quarter. Private Trust Co. NA now owns 566 shares of the company’s stock worth $33,000 after acquiring an additional 266 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Invesco KBW Bank ETF by 32.3% in the third quarter. FMR LLC now owns 2,108 shares of the company’s stock worth $124,000 after acquiring an additional 515 shares during the period.

About Invesco KBW Bank ETF

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.