Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Declares Quarterly Dividend of $0.38

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWPGet Free Report) declared a quarterly dividend on Monday, June 23rd, NASDAQ Dividends reports. Stockholders of record on Monday, June 23rd will be paid a dividend of 0.3764 per share on Friday, June 27th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Monday, June 23rd. This is a 10.1% increase from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.34.

Invesco KBW Property & Casualty Insurance ETF Stock Up 1.2%

Shares of Invesco KBW Property & Casualty Insurance ETF stock traded up $1.47 during trading on Monday, reaching $122.81. The company’s stock had a trading volume of 6,951 shares, compared to its average volume of 36,601. The business has a 50 day moving average price of $121.65 and a 200-day moving average price of $118.52. Invesco KBW Property & Casualty Insurance ETF has a 12-month low of $100.43 and a 12-month high of $127.17. The company has a market capitalization of $451.94 million, a P/E ratio of 13.58 and a beta of 0.66.

Institutional Investors Weigh In On Invesco KBW Property & Casualty Insurance ETF

An institutional investor recently raised its position in Invesco KBW Property & Casualty Insurance ETF stock. Goldman Sachs Group Inc. lifted its stake in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWPFree Report) by 113.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,019 shares of the company’s stock after purchasing an additional 13,300 shares during the period. Goldman Sachs Group Inc. owned approximately 0.68% of Invesco KBW Property & Casualty Insurance ETF worth $3,117,000 as of its most recent SEC filing.

About Invesco KBW Property & Casualty Insurance ETF

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The Invesco KBW Property & Casualty Insurance ETF (KBWP) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a modified market-cap-weighted index focused exclusively on property & casualty insurance companies in the US. KBWP was launched on Dec 2, 2010 and is managed by Invesco.

Further Reading

Dividend History for Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

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