Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP – Get Free Report) shares were up 2.8% on Wednesday. The company traded as high as $143.56 and last traded at $143.5980. Approximately 12,768 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 16,445 shares. The stock had previously closed at $139.72.
Invesco KBW Property & Casualty Insurance ETF Stock Down 2.3%
The firm has a market capitalization of $304.52 million, a P/E ratio of 12.33 and a beta of 0.35. The firm’s 50-day simple moving average is $131.19 and its 200-day simple moving average is $126.40.
Invesco KBW Property & Casualty Insurance ETF Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a dividend of $0.3599 per share. This represents a $1.44 annualized dividend and a yield of 1.0%. This is a decrease from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.4994. The ex-dividend date of this dividend was Monday, September 21st.
Institutional Trading of Invesco KBW Property & Casualty Insurance ETF
Several institutional investors have recently added to or reduced their stakes in KBWP. Vanguard Capital Wealth Advisors bought a new stake in Invesco KBW Property & Casualty Insurance ETF in the 2nd quarter worth $659,000. Cetera Investment Advisers increased its holdings in Invesco KBW Property & Casualty Insurance ETF by 15.6% during the 1st quarter. Cetera Investment Advisers now owns 62,098 shares of the company’s stock valued at $7,389,000 after purchasing an additional 8,381 shares during the period. Kestra Advisory Services LLC increased its holdings in Invesco KBW Property & Casualty Insurance ETF by 2.8% during the 1st quarter. Kestra Advisory Services LLC now owns 16,600 shares of the company’s stock valued at $1,975,000 after purchasing an additional 448 shares during the period. Fifth Third Bancorp bought a new position in Invesco KBW Property & Casualty Insurance ETF during the 3rd quarter valued at approximately $33,000. Finally, Redstone Wealth Management LLC raised its position in Invesco KBW Property & Casualty Insurance ETF by 1.8% during the 3rd quarter. Redstone Wealth Management LLC now owns 117,374 shares of the company’s stock valued at $14,399,000 after purchasing an additional 2,023 shares during the last quarter.
About Invesco KBW Property & Casualty Insurance ETF
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.
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