Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Short Interest Update

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 11,906 shares, a drop of 47.8% from the July 15th total of 22,821 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,729 shares, the short-interest ratio is presently 0.6 days.

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

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. raised its position in shares of Invesco KBW Property & Casualty Insurance ETF by 180.0% in the second quarter. Raymond James Financial Inc. now owns 100,177 shares of the company’s stock valued at $12,305,000 after buying an additional 64,399 shares during the last quarter. Redstone Wealth Management LLC lifted its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 0.6% during 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 during the period. Mutual Advisors LLC boosted its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 4.7% during the fourth quarter. Mutual Advisors LLC now owns 89,150 shares of the company’s stock worth $11,348,000 after purchasing an additional 3,989 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 15.6% during the first quarter. Cetera Investment Advisers now owns 62,098 shares of the company’s stock worth $7,389,000 after purchasing an additional 8,381 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Invesco KBW Property & Casualty Insurance ETF by 38.3% in the second 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 during the period.

Invesco KBW Property & Casualty Insurance ETF Trading Down 0.1%

Shares of NASDAQ:KBWP traded down $0.07 on Friday, hitting $133.40. The company had a trading volume of 8,964 shares, compared to its average volume of 17,342. Invesco KBW Property & Casualty Insurance ETF has a 52-week low of $114.62 and a 52-week high of $140.37. The business has a 50 day moving average of $130.00 and a 200 day moving average of $124.25. The company has a market cap of $269.47 million, a PE ratio of 13.50 and a beta of 0.39.

Invesco KBW Property & Casualty Insurance ETF Announces Dividend

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

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.