Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Trading Down 0.2% – What’s Next?

Shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) were down 0.2% during trading on Friday . The stock traded as low as $134.96 and last traded at $135.42. Approximately 7,319 shares traded hands during 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 Price Performance

The stock has a market capitalization of $268.13 million, a P/E ratio of 13.50 and a beta of 0.40. The stock’s fifty day moving average is $126.53 and its two-hundred day moving average is $123.36.

Invesco KBW Property & Casualty Insurance ETF Dividend Announcement

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

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

A number of hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. lifted its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 180.0% during the second 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 last quarter. Redstone Wealth Management LLC increased its stake in Invesco KBW Property & Casualty Insurance ETF by 0.6% in the 1st quarter. Redstone Wealth Management LLC now owns 91,046 shares of the company’s stock worth $10,833,000 after purchasing an additional 578 shares in the last quarter. Mutual Advisors LLC raised its holdings in Invesco KBW Property & Casualty Insurance ETF by 4.7% during the 4th quarter. Mutual Advisors LLC now owns 89,150 shares of the company’s stock worth $11,348,000 after buying an additional 3,989 shares during the period. Cetera Investment Advisers raised 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 worth $7,389,000 after buying an additional 8,381 shares during the period. Finally, Bank of America Corp DE lifted its stake in Invesco KBW Property & Casualty Insurance ETF by 38.3% during the second quarter. Bank of America Corp DE now owns 47,793 shares of the company’s stock valued at $5,870,000 after buying an additional 13,225 shares in 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.