We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Invesco KBW Regional Banking ETF (KBWR - Free Report) is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and moved up 46.47% from its 52-week low price of $39.9/share.
Are more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed.
KBWR in Focus
The underlying KBW Nasdaq Regional Banking Index is a float-adjusted, equal capitalization-weighted index comprising securities of 50 mid-cap banking companies that are publicly listed in the United States. The product charges 35 bps in annual fees (see: all Financials ETFs ).
Why the Move?
Regional banking has been an area to watch lately, given the surge in the expectations of an interest rate cut in September. Recent favorable inflation data makes a rate cut in September highly likely, prompting two rate cuts this year. This should steepen the yield curve and benefit the fund.
The rising likelihood of Donald Trump winning the upcoming presidential elections also boosts the prospects of the regional banking sector.
More Gains Ahead?
Currently, KBWR has a Zacks ETF Rank #4 (Sell) and High risk outlook. However, it might continue its strong performance in the near term, with a positive weighted alpha of 22.60 (as per Barchart.com), which gives cues of a further rally.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Regional Banking ETF (KBWR) Hits New 52-Week High
Invesco KBW Regional Banking ETF (KBWR - Free Report) is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and moved up 46.47% from its 52-week low price of $39.9/share.
Are more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed.
KBWR in Focus
The underlying KBW Nasdaq Regional Banking Index is a float-adjusted, equal capitalization-weighted index comprising securities of 50 mid-cap banking companies that are publicly listed in the United States. The product charges 35 bps in annual fees (see: all Financials ETFs ).
Why the Move?
Regional banking has been an area to watch lately, given the surge in the expectations of an interest rate cut in September. Recent favorable inflation data makes a rate cut in September highly likely, prompting two rate cuts this year. This should steepen the yield curve and benefit the fund.
The rising likelihood of Donald Trump winning the upcoming presidential elections also boosts the prospects of the regional banking sector.
More Gains Ahead?
Currently, KBWR has a Zacks ETF Rank #4 (Sell) and High risk outlook. However, it might continue its strong performance in the near term, with a positive weighted alpha of 22.60 (as per Barchart.com), which gives cues of a further rally.