Invesco KBW Regional Banking ETF (NASDAQ:KBWR) Stock Price Down 1.9% – Here’s Why

Shares of Invesco KBW Regional Banking ETF (NASDAQ:KBWR) were down 1.9% during mid-day trading on Monday . The company traded as low as $60.90 and last traded at $61.95. Approximately 2,987 shares traded hands during trading, a decline of 11% from the average daily volume of 3,357 shares. The stock had previously closed at $63.17.

Invesco KBW Regional Banking ETF Stock Up 0.7 %

The company has a 50-day moving average price of $62.32 and a 200-day moving average price of $59.51. The company has a market capitalization of $57.96 million, a price-to-earnings ratio of 9.98 and a beta of 1.05.

Invesco KBW Regional Banking ETF Announces Dividend

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

Hedge Funds Weigh In On Invesco KBW Regional Banking ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC bought a new stake in shares of Invesco KBW Regional Banking ETF in the 3rd quarter worth approximately $549,000. TruNorth Capital Management LLC acquired a new position in shares of Invesco KBW Regional Banking ETF in the fourth quarter valued at $143,000. Finally, Meritage Portfolio Management raised its stake in shares of Invesco KBW Regional Banking ETF by 12.3% in the fourth quarter. Meritage Portfolio Management now owns 10,170 shares of the company’s stock valued at $608,000 after purchasing an additional 1,115 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.