Invesco KBW Regional Banking ETF (NASDAQ:KBWR) Stock Price Down 0.5% – Here’s What Happened

Shares of Invesco KBW Regional Banking ETF (NASDAQ:KBWR) were down 0.5% on Monday . The stock traded as low as $70.82 and last traded at $70.74. Approximately 2,013 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 6,300 shares. The stock had previously closed at $71.11.

Invesco KBW Regional Banking ETF Stock Down 0.5%

The stock has a fifty day moving average price of $64.66 and a 200-day moving average price of $61.57. The firm has a market cap of $54.47 million, a price-to-earnings ratio of 13.81 and a beta of 0.87.

Invesco KBW Regional Banking ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $0.448 per share. This represents a $1.79 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, December 22nd. This is an increase from Invesco KBW Regional Banking ETF’s previous quarterly dividend of $0.40.

Institutional Trading of Invesco KBW Regional Banking ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nwam LLC acquired a new position in shares of Invesco KBW Regional Banking ETF during the fourth quarter worth about $416,000. SOL Capital Management CO purchased a new stake in Invesco KBW Regional Banking ETF in the 4th quarter valued at approximately $203,000. Osaic Holdings Inc. increased its position in Invesco KBW Regional Banking ETF by 46.5% during the 2nd quarter. Osaic Holdings Inc. now owns 3,622 shares of the company’s stock worth $209,000 after purchasing an additional 1,149 shares during the period. Byrne Financial Freedom LLC increased its position in Invesco KBW Regional Banking ETF by 3.2% during the 2nd quarter. Byrne Financial Freedom LLC now owns 63,642 shares of the company’s stock worth $3,678,000 after purchasing an additional 1,981 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Invesco KBW Regional Banking ETF during the 2nd quarter worth approximately $43,000.

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.