Invesco KBW Bank ETF (KBWB)
Invesco KBW Bank ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $99.32, up 1.08% on the session, giving a market capitalisation of $5.60B. Its beta of 1.24 implies it has historically moved more than the broad market.
The Invesco KBW Bank ETF, commonly known as "the Fund," is designed to mirror the performance of the KBW Nasdaq Bank Index, or "the Index." Typically, the Fund commits at least 90% of its total assets to the equities comprising this benchmark. The Index itself employs a modified market capitalization-weighting methodology, concentrating on corporations primarily involved in the U.S. banking sector. Its development, upkeep, and calculation are a collaborative effort by Keefe, Bruyette & Woods, Inc. and Nasdaq, Inc. The Index's constituents include prominent national U.S. money center banks, regional banking establishments, and thrift institutions whose shares are publicly traded in the United States. Both the Fund and the Index undergo adjustments to their holdings and composition every quarter.
Invesco KBW Bank ETF is most often compared with the following Financial Services names: