Invesco KBW Regional Banking ETF (NASDAQ:KBWR) Stock Price Up 1.5% – Time to Buy?

Invesco KBW Regional Banking ETF (NASDAQ:KBWR) shot up 1.5% on Monday . The company traded as high as $58.43 and last traded at $58.43. 11,216 shares traded hands during trading, an increase of 88% from the average session volume of 5,959 shares. The stock had previously closed at $57.54.

Invesco KBW Regional Banking ETF Trading Up 1.5 %

The firm has a market cap of $53.76 million, a price-to-earnings ratio of 9.98 and a beta of 1.05. The company has a fifty day moving average price of $63.33 and a 200-day moving average price of $58.30.

Invesco KBW Regional Banking ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.4104 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Invesco KBW Regional Banking ETF

A hedge fund recently bought a new stake in Invesco KBW Regional Banking ETF stock. Private Advisor Group LLC purchased a new position in shares of Invesco KBW Regional Banking ETF (NASDAQ:KBWR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,691 shares of the company’s stock, valued at approximately $549,000. Private Advisor Group LLC owned approximately 1.08% of Invesco KBW Regional Banking ETF at the end of the most recent quarter.

Invesco KBW Regional Banking ETF Company Profile

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.