Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Trading Down 0.2% – Here’s Why

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWPGet Free Report)’s stock price fell 0.2% during mid-day trading on Friday . The stock traded as low as $134.96 and last traded at $135.42. 7,319 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 16,518 shares. The stock had previously closed at $135.65.

Invesco KBW Property & Casualty Insurance ETF Stock Performance

The firm has a fifty day simple moving average of $126.53 and a 200 day simple moving average of $123.36. The company has a market capitalization of $268.13 million, a PE ratio of 13.50 and a beta of 0.40.

Invesco KBW Property & Casualty Insurance ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.4994 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%.

Hedge Funds Weigh In On Invesco KBW Property & Casualty Insurance ETF

Institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in Invesco KBW Property & Casualty Insurance ETF by 113.5% in the first quarter. Goldman Sachs Group Inc. now owns 25,019 shares of the company’s stock worth $3,117,000 after acquiring an additional 13,300 shares during the period. Raymond James Financial Inc. increased its position in Invesco KBW Property & Casualty Insurance ETF by 180.0% during the 2nd quarter. Raymond James Financial Inc. now owns 100,177 shares of the company’s stock valued at $12,305,000 after purchasing an additional 64,399 shares during the period. Jane Street Group LLC purchased a new position in Invesco KBW Property & Casualty Insurance ETF during the 2nd quarter valued at about $848,000. Bank of America Corp DE raised its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 38.3% in the 2nd quarter. Bank of America Corp DE now owns 47,793 shares of the company’s stock valued at $5,870,000 after purchasing an additional 13,225 shares in the last quarter. Finally, MML Investors Services LLC raised its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 5.1% in the 2nd quarter. MML Investors Services LLC now owns 10,703 shares of the company’s stock valued at $1,315,000 after purchasing an additional 521 shares in the last quarter.

Invesco KBW Property & Casualty Insurance ETF Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Invesco KBW Property & Casualty Insurance ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco KBW Property & Casualty Insurance ETF and related companies with MarketBeat.com's FREE daily email newsletter.