Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Short Interest Down 31.1% in January

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) saw a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 7,606 shares, a decline of 31.1% from the January 15th total of 11,043 shares. Based on an average daily volume of 17,280 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 17,280 shares, the days-to-cover ratio is currently 0.4 days.

Invesco KBW Property & Casualty Insurance ETF Stock Performance

Shares of NASDAQ KBWP traded down $0.99 during mid-day trading on Friday, reaching $121.99. The company’s stock had a trading volume of 14,657 shares, compared to its average volume of 20,755. The stock has a 50-day moving average of $124.63 and a two-hundred day moving average of $122.25. The stock has a market capitalization of $279.36 million, a P/E ratio of 13.50 and a beta of 0.55. Invesco KBW Property & Casualty Insurance ETF has a 1-year low of $108.64 and a 1-year high of $129.00.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a $0.6048 dividend. This represents a $2.42 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.37.

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

A number of large investors have recently made changes to their positions in the stock. Redstone Wealth Management LLC acquired a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the fourth quarter valued at approximately $11,516,000. Raymond James Financial Inc. grew its holdings in Invesco KBW Property & Casualty Insurance ETF by 180.0% in the 2nd 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 in the last quarter. Kingsview Wealth Management LLC increased its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 69.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 133,586 shares of the company’s stock worth $16,522,000 after acquiring an additional 54,713 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 179.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 44,620 shares of the company’s stock worth $5,680,000 after acquiring an additional 28,627 shares during the period. Finally, Virtue Capital Management LLC boosted its position in shares of Invesco KBW Property & Casualty Insurance ETF by 1,299.4% during the 4th quarter. Virtue Capital Management LLC now owns 29,290 shares of the company’s stock valued at $3,729,000 after acquiring an additional 27,197 shares during the last quarter.

Invesco KBW Property & Casualty Insurance ETF Company Profile

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.