Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Stock Short Interest Report for September

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 12,578 shares, a decline of 49.7% from the September 15th total of 25,001 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 9,556 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of Invesco KBW Property & Casualty Insurance ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KBWP. Vanguard Capital Wealth Advisors acquired a new position in shares of Invesco KBW Property & Casualty Insurance ETF during the second quarter valued at approximately $659,000. Cetera Investment Advisers grew its holdings in Invesco KBW Property & Casualty Insurance ETF by 15.6% in the 1st quarter. Cetera Investment Advisers now owns 62,098 shares of the company’s stock valued at $7,389,000 after buying an additional 8,381 shares in the last quarter. NewEdge Advisors LLC increased its position in Invesco KBW Property & Casualty Insurance ETF by 22.8% during the second quarter. NewEdge Advisors LLC now owns 4,924 shares of the company’s stock worth $624,000 after purchasing an additional 913 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of 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 buying an additional 448 shares during the period. Finally, Redstone Wealth Management LLC raised its position in Invesco KBW Property & Casualty Insurance ETF by 0.6% in the first quarter. Redstone Wealth Management LLC now owns 91,046 shares of the company’s stock valued at $10,833,000 after purchasing an additional 578 shares during the period.

Invesco KBW Property & Casualty Insurance ETF Price Performance

Invesco KBW Property & Casualty Insurance ETF stock traded up $0.45 during trading hours on Wednesday, hitting $128.67. 5,276 shares of the stock traded hands, compared to its average volume of 16,517. Invesco KBW Property & Casualty Insurance ETF has a 1 year low of $114.62 and a 1 year high of $140.37. The stock has a market capitalization of $286.94 million, a price-to-earnings ratio of 13.50 and a beta of 0.37. The firm’s 50 day moving average price is $130.31 and its 200-day moving average price is $126.17.

Invesco KBW Property & Casualty Insurance ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were issued a $0.3599 dividend. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.4994. This represents a $1.44 annualized dividend and a yield of 1.1%.

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.