Invesco KBW Regional Banking ETF (NASDAQ:KBWR) Trading Up 1.3% – Should You Buy?

Invesco KBW Regional Banking ETF (NASDAQ:KBWR) shares were up 1.3% during mid-day trading on Tuesday . The stock traded as high as $68.87 and last traded at $68.2766. Approximately 670 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 5,830 shares. The stock had previously closed at $67.4058.

Invesco KBW Regional Banking ETF Trading Up 1.3%

The company has a 50 day moving average of $69.78 and a 200-day moving average of $67.88. The firm has a market capitalization of $52.57 million, a P/E ratio of 13.81 and a beta of 0.87.

Institutional Trading of Invesco KBW Regional Banking ETF

Institutional investors have recently added to or reduced their stakes in the company. Cherry Tree Wealth Management LLC bought a new stake in shares of Invesco KBW Regional Banking ETF during the 4th quarter valued at $31,000. Raymond James Financial Inc. bought a new stake in shares of Invesco KBW Regional Banking ETF during the 2nd quarter valued at $43,000. Kestra Advisory Services LLC bought a new stake in shares of Invesco KBW Regional Banking ETF during the 4th quarter valued at $74,000. SOL Capital Management CO bought a new stake in shares of Invesco KBW Regional Banking ETF during the 4th quarter valued at $203,000. Finally, Osaic Holdings Inc. lifted its position in shares of 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 valued at $209,000 after acquiring an additional 1,149 shares during the period.

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.