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

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)’s stock price was down 0.2% during trading on Monday . The company traded as low as $124.41 and last traded at $124.99. Approximately 27,355 shares traded hands during trading, an increase of 41% from the average daily volume of 19,379 shares. The stock had previously closed at $125.28.

Invesco KBW Property & Casualty Insurance ETF Price Performance

The firm has a 50-day moving average of $124.51 and a 200-day moving average of $121.69. The stock has a market cap of $287.48 million, a PE ratio of 13.50 and a beta of 0.55.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.6048 dividend. This represents a $2.42 annualized dividend and a dividend yield of 1.9%. This is a boost from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Trading of Invesco KBW Property & Casualty Insurance ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. WFA of San Diego LLC purchased a new position in shares of Invesco KBW Property & Casualty Insurance ETF during the second quarter valued at about $32,000. GGM Financials LLC bought a new stake in Invesco KBW Property & Casualty Insurance ETF in the 3rd quarter worth approximately $91,000. NewEdge Advisors LLC bought a new stake in Invesco KBW Property & Casualty Insurance ETF in the 3rd quarter worth approximately $187,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 2,710.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,602 shares of the company’s stock worth $197,000 after acquiring an additional 1,545 shares in the last quarter. Finally, PCG Wealth Advisors LLC bought a new position in shares of Invesco KBW Property & Casualty Insurance ETF during the 3rd quarter valued at approximately $200,000.

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.