Invesco KBW Bank ETF (NASDAQ:KBWB) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Invesco KBW Bank ETF (NASDAQ:KBWB)’s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $88.87 and traded as high as $89.42. Invesco KBW Bank ETF shares last traded at $89.16, with a volume of 2,121,976 shares changing hands.

Invesco KBW Bank ETF Price Performance

The stock’s 50-day moving average is $91.03 and its two-hundred day moving average is $88.89. The stock has a market cap of $6.57 billion, a P/E ratio of 13.35 and a beta of 1.05.

Invesco KBW Bank ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were issued a dividend of $0.4601 per share. This is a drop from Invesco KBW Bank ETF’s previous quarterly dividend of $0.4729. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.84 annualized dividend and a dividend yield of 2.1%.

Institutional Investors Weigh In On Invesco KBW Bank ETF

Several large investors have recently made changes to their positions in the company. Annex Advisory Services LLC purchased a new position in Invesco KBW Bank ETF in the third quarter worth about $70,800,000. Envestnet Asset Management Inc. increased its stake in Invesco KBW Bank ETF by 92.4% during the second quarter. Envestnet Asset Management Inc. now owns 194,141 shares of the company’s stock worth $18,051,000 after acquiring an additional 93,236 shares during the last quarter. RFG Holdings Inc. raised its position in Invesco KBW Bank ETF by 7.8% during the third quarter. RFG Holdings Inc. now owns 193,222 shares of the company’s stock valued at $15,984,000 after purchasing an additional 14,007 shares during the period. Ayalon Insurance Comp Ltd. lifted its stake in shares of Invesco KBW Bank ETF by 596.4% in the 3rd quarter. Ayalon Insurance Comp Ltd. now owns 172,700 shares of the company’s stock valued at $15,065,000 after purchasing an additional 147,900 shares during the last quarter. Finally, Valley Wealth Managers Inc. boosted its holdings in shares of Invesco KBW Bank ETF by 32.1% in the 3rd quarter. Valley Wealth Managers Inc. now owns 134,591 shares of the company’s stock worth $11,740,000 after purchasing an additional 32,687 shares during the period.

Invesco KBW Bank ETF Company Profile

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.