Bank ETF (KBWB) Hits New 52-Week High

For investors seeking momentum, Invesco KBW Bank ETF (KBWB) is probably on the radar. The fund just hit a 52-week high and rose 58.9% from its 52-week low price of $51.13/share.But, are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook to get a better idea of where it might head:KBWB in FocusThe underlying KBW Nasdaq Bank index is a modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrif ...