Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Stock Price Down 0.2% – Here’s Why

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) shares traded down 0.2% during mid-day trading on Friday . The stock traded as low as $134.96 and last traded at $135.42. 7,319 shares traded hands during trading, a decline of 56% from the average daily volume of 16,518 shares. The stock had previously closed at $135.65.

Invesco KBW Property & Casualty Insurance ETF Trading Down 0.2%

The firm has a market cap of $268.13 million, a price-to-earnings ratio of 13.50 and a beta of 0.40. The stock has a fifty day moving average price of $126.53 and a 200 day moving average price of $123.36.

Invesco KBW Property & Casualty Insurance ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given 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%.

Hedge Funds Weigh In On Invesco KBW Property & Casualty Insurance ETF

Institutional investors have recently modified their holdings of the company. WFA of San Diego LLC acquired a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the second quarter worth $32,000. Flagship Harbor Advisors LLC bought a new position in Invesco KBW Property & Casualty Insurance ETF in the 4th quarter worth $60,000. Sound Income Strategies LLC raised its holdings in Invesco KBW Property & Casualty Insurance ETF by 32,625.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,309 shares of the company’s stock worth $159,000 after acquiring an additional 1,305 shares during the period. GGM Financials LLC raised its holdings in Invesco KBW Property & Casualty Insurance ETF by 80.9% in the 4th quarter. GGM Financials LLC now owns 1,328 shares of the company’s stock worth $169,000 after acquiring an additional 594 shares during the period. Finally, NewEdge Advisors LLC acquired a new position in Invesco KBW Property & Casualty Insurance ETF during the 3rd quarter worth $187,000.

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.