KBWB Stock Summary and Trading Ideas (Invesco KBW Bank ETF | NASDAQ:KBWB)

The Invesco KBW Bank ETF (Fund) is based on the KBW Nasdaq Bank Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the US. The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and is composed of companies representing leading national money centers, regional banks and thrift institutions. The Fund and the Index are rebalanced and reconstituted quarterly.

Invesco KBW Bank ETF trades on the NASDAQ stock market under the symbol KBWB.

As of May 24, 2024, KBWB stock price climbed to $53.90 with 261,880 million shares trading.

KBWB has a beta of 1.22, meaning it tends to be more sensitive to market movements. KBWB has a correlation of 0.39 to the broad based SPY ETF.

KBWB has a market cap of $1.55 billion. This is considered a Small Cap stock.

In the last 3 years, KBWB stock traded as high as $76.47 and as low as $36.19.

KBWB has outperformed the market in the last year with a return of +39.6%, while the SPY ETF gained +30.4%. In the last 3 month period, KBWB beat the market returning +10.2%, while SPY returned +4.6%. However, in the most recent 2 weeks KBWB has underperformed the stock market by returning -1.0%, while SPY returned +1.7%.

KBWB support price is $52.89 and resistance is $54.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KBWB stock will trade within this expected range on the day.