Invesco KBW Bank ETF (NASDAQ:KBWB) Sees Large Volume Increase – What’s Next?

Invesco KBW Bank ETF (NASDAQ:KBWB) saw strong trading volume on Thursday . 786,048 shares changed hands during trading, a decline of 12% from the previous session’s volume of 896,747 shares.The stock last traded at $65.46 and had previously closed at $64.22.

Invesco KBW Bank ETF Price Performance

The business’s 50-day moving average price is $66.66 and its two-hundred day moving average price is $59.83. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19.

Hedge Funds Weigh In On Invesco KBW Bank ETF

Hedge funds have recently bought and sold shares of the company. Beacon Financial Advisory LLC lifted its stake in Invesco KBW Bank ETF by 28.7% during the second quarter. Beacon Financial Advisory LLC now owns 14,388 shares of the company’s stock worth $770,000 after purchasing an additional 3,206 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of Invesco KBW Bank ETF in the 2nd quarter worth about $1,306,000. International Assets Investment Management LLC bought a new position in shares of Invesco KBW Bank ETF in the 2nd quarter worth about $43,000. Magnus Financial Group LLC acquired a new position in shares of Invesco KBW Bank ETF in the 2nd quarter valued at about $282,000. Finally, Addison Advisors LLC grew its position in shares of Invesco KBW Bank ETF by 8.2% during the 2nd quarter. Addison Advisors LLC now owns 27,222 shares of the company’s stock valued at $1,456,000 after buying an additional 2,060 shares during the last quarter.

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.