Invesco KBW Regional Banking ETF (NASDAQ:KBWR) Stock Price Down 0.2% – Time to Sell?

Invesco KBW Regional Banking ETF (NASDAQ:KBWR)’s stock price dropped 0.2% during mid-day trading on Tuesday . The company traded as low as $56.15 and last traded at $56.53. Approximately 2,190 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 4,534 shares. The stock had previously closed at $56.63.

Invesco KBW Regional Banking ETF Stock Down 0.9 %

The stock has a market capitalization of $51.50 million, a PE ratio of 14.01 and a beta of 1.05. The stock has a fifty day moving average of $60.58 and a 200-day moving average of $60.39.

Invesco KBW Regional Banking ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a $0.4104 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Invesco KBW Regional Banking ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its position in Invesco KBW Regional Banking ETF by 41.0% in the 4th quarter. Bank of America Corp DE now owns 37,558 shares of the company’s stock valued at $2,246,000 after acquiring an additional 10,914 shares during the period. Two Sigma Securities LLC purchased a new position in Invesco KBW Regional Banking ETF in the 4th quarter valued at $222,000. TruNorth Capital Management LLC acquired a new position in Invesco KBW Regional Banking ETF during the fourth quarter worth $143,000. Meritage Portfolio Management grew its holdings in Invesco KBW Regional Banking ETF by 12.3% during the fourth quarter. Meritage Portfolio Management now owns 10,170 shares of the company’s stock worth $608,000 after acquiring an additional 1,115 shares during the period. Finally, LPL Financial LLC boosted its position in Invesco KBW Regional Banking ETF by 1.9% during the fourth quarter. LPL Financial LLC now owns 19,706 shares of the company’s stock worth $1,178,000 after purchasing an additional 366 shares in the last quarter.

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.