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

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC grew its position in Invesco KBW Property & Casualty Insurance ETF by 22.8% in the second quarter. NewEdge Advisors LLC now owns 4,924 shares of the company’s stock valued at $624,000 after acquiring an additional 913 shares during the period. Vanguard Capital Wealth Advisors bought a new stake in shares of Invesco KBW Property & Casualty Insurance ETF during the second quarter valued at approximately $659,000. Cetera Investment Advisers increased its stake in shares of 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 during the period. Kestra Advisory Services LLC increased its position in Invesco KBW Property & Casualty Insurance ETF by 2.8% in the first quarter. Kestra Advisory Services LLC now owns 16,600 shares of the company’s stock worth $1,975,000 after purchasing an additional 448 shares during the period. Finally, Redstone Wealth Management LLC raised its holdings in 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 last quarter.

Invesco KBW Property & Casualty Insurance ETF Trading Up 0.4%

NASDAQ:KBWP 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. The firm has a market cap of $286.94 million, a price-to-earnings ratio of 13.50 and a beta of 0.37. Invesco KBW Property & Casualty Insurance ETF has a fifty-two week low of $114.62 and a fifty-two week high of $140.37. The firm has a 50 day moving average price of $130.31 and a 200 day moving average price of $126.17.

Invesco KBW Property & Casualty Insurance ETF Cuts Dividend

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

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.