Invesco KBW Bank ETF (NASDAQ:KBWB) Sees Strong Trading Volume – Here’s What Happened

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

The stock’s 50-day simple moving average is $67.81 and its 200-day simple moving average is $61.53. The firm has a market capitalization of $2.94 billion, a P/E ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Fisher Asset Management LLC increased its position in shares of Invesco KBW Bank ETF by 11.6% during the 3rd quarter. Fisher Asset Management LLC now owns 2,529,651 shares of the company’s stock valued at $148,263,000 after purchasing an additional 262,800 shares during the last quarter. Wharton Business Group LLC increased its holdings in Invesco KBW Bank ETF by 27.4% during the third quarter. Wharton Business Group LLC now owns 1,987,535 shares of the company’s stock worth $116,489,000 after buying an additional 427,872 shares during the last quarter. Fiduciary Trust Co bought a new stake in Invesco KBW Bank ETF in the third quarter worth about $27,113,000. Clal Insurance Enterprises Holdings Ltd raised its position in Invesco KBW Bank ETF by 6.9% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 278,000 shares of the company’s stock worth $16,294,000 after acquiring an additional 18,000 shares during the period. Finally, Valley Wealth Managers Inc. boosted its stake in Invesco KBW Bank ETF by 55.9% in the third quarter. Valley Wealth Managers Inc. now owns 203,122 shares of the company’s stock valued at $11,905,000 after acquiring an additional 72,820 shares during the last quarter.

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.