Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Trading 0.3% Higher – What’s Next?

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)’s stock price rose 0.3% during mid-day trading on Friday . The stock traded as high as $132.80 and last traded at $132.25. Approximately 7,164 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 16,087 shares. The stock had previously closed at $131.82.

Invesco KBW Property & Casualty Insurance ETF Trading Up 0.3%

The firm has a fifty day moving average price of $122.08 and a 200 day moving average price of $122.63. The firm has a market cap of $279.05 million, a PE ratio of 13.50 and a beta of 0.40.

Invesco KBW Property & Casualty Insurance ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders 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 dividend on an annualized basis and a yield of 1.5%.

Institutional Trading of Invesco KBW Property & Casualty Insurance ETF

Hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. increased its stake in 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 worth $12,305,000 after acquiring an additional 64,399 shares during the last quarter. Redstone Wealth Management LLC grew its holdings in shares of 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 in the last quarter. Mutual Advisors LLC grew its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 4.7% in the fourth quarter. Mutual Advisors LLC now owns 89,150 shares of the company’s stock valued at $11,348,000 after purchasing an additional 3,989 shares in the last quarter. Cetera Investment Advisers increased its stake 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 holdings in Invesco KBW Property & Casualty Insurance ETF by 38.3% during the 2nd quarter. Bank of America Corp DE now owns 47,793 shares of the company’s stock worth $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.