Invesco KBW Regional Banking ETF (NASDAQ:KBWR) Stock Price Down 1.3% – Here’s Why

Shares of Invesco KBW Regional Banking ETF (NASDAQ:KBWR) traded down 1.3% during mid-day trading on Monday . The stock traded as low as $69.8150 and last traded at $69.83. 1,981 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 5,830 shares. The stock had previously closed at $70.73.

Invesco KBW Regional Banking ETF Price Performance

The business has a fifty day simple moving average of $69.15 and a 200 day simple moving average of $63.85. The firm has a market cap of $53.77 million, a price-to-earnings ratio of 13.81 and a beta of 0.87.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Nwam LLC purchased a new position in Invesco KBW Regional Banking ETF in the 4th quarter valued at $416,000. Corient Private Wealth LLC acquired a new stake in Invesco KBW Regional Banking ETF during the 4th quarter worth $389,000. Jane Street Group LLC purchased a new stake in shares of Invesco KBW Regional Banking ETF during the first quarter worth $302,000. SOL Capital Management CO acquired a new stake in shares of Invesco KBW Regional Banking ETF in the fourth quarter valued at about $203,000. Finally, Byrne Financial Freedom LLC raised its position in shares of Invesco KBW Regional Banking ETF by 3.2% in the second quarter. Byrne Financial Freedom LLC now owns 63,642 shares of the company’s stock valued at $3,678,000 after buying an additional 1,981 shares during the last 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.