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

Shares of Invesco KBW Bank ETF (NASDAQ:KBWB) saw strong trading volume on Wednesday . 2,413,888 shares were traded 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 1.3 %

The firm’s 50-day moving average price is $67.84 and its two-hundred day moving average price is $61.63. The stock has a market cap of $3.04 billion, a PE ratio of 10.69 and a beta of 1.19.

Invesco KBW Bank ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.3601 per share. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Invesco KBW Bank ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Performance Advisors LLP bought a new position in shares of Invesco KBW Bank ETF in the 3rd quarter worth $29,000. Private Trust Co. NA raised its holdings in Invesco KBW Bank ETF by 88.7% in the third quarter. Private Trust Co. NA now owns 566 shares of the company’s stock worth $33,000 after purchasing an additional 266 shares in the last quarter. HM Payson & Co. purchased a new stake in shares of Invesco KBW Bank ETF during the third quarter valued at about $68,000. FMR LLC boosted its holdings in shares of Invesco KBW Bank ETF by 32.3% in the 3rd quarter. FMR LLC now owns 2,108 shares of the company’s stock valued at $124,000 after buying an additional 515 shares in the last quarter. Finally, Finley Financial LLC bought a new stake in shares of Invesco KBW Bank ETF in the 4th quarter valued at about $156,000.

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.