Invesco KBW Property & Casualty Insurance ETF to Issue Dividend of $0.50 (NASDAQ:KBWP)

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) declared a dividend on Friday, June 19th, NASDAQ Dividends reports. Stockholders of record on Monday, June 22nd will be paid a dividend of 0.4994 per share on Friday, June 26th. The ex-dividend date is Monday, June 22nd.

Invesco KBW Property & Casualty Insurance ETF Stock Performance

Invesco KBW Property & Casualty Insurance ETF stock opened at $120.47 on Friday. The company’s fifty day moving average price is $119.93 and its 200 day moving average price is $122.17. Invesco KBW Property & Casualty Insurance ETF has a 1 year low of $114.62 and a 1 year high of $129.00. The stock has a market capitalization of $254.19 million, a P/E ratio of 13.50 and a beta of 0.41.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kingsview Wealth Management LLC increased its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 69.4% during the third quarter. Kingsview Wealth Management LLC now owns 133,586 shares of the company’s stock worth $16,522,000 after purchasing an additional 54,713 shares in the last quarter. Redstone Wealth Management LLC acquired a new position in shares of Invesco KBW Property & Casualty Insurance ETF during the 4th quarter worth about $11,516,000. RM Financial Services LLC purchased a new position in Invesco KBW Property & Casualty Insurance ETF in the 4th quarter valued at about $2,991,000. Menora Mivtachim Holdings LTD. purchased a new position in Invesco KBW Property & Casualty Insurance ETF in the 3rd quarter valued at about $618,000. Finally, Flagship Harbor Advisors LLC purchased a new position in Invesco KBW Property & Casualty Insurance ETF in the 4th quarter valued at about $60,000.

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.