Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Stock Price Down 1.9%

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP – Get Rating) shares were down 1.9% during trading on Wednesday . The company traded as low as $81.36 and last traded at $81.39. Approximately 6,135 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 31,499 shares. The stock had previously closed at $83.00.

Invesco KBW Property & Casualty Insurance ETF Stock Performance

The business has a fifty day simple moving average of $83.55 and a 200 day simple moving average of $84.87. The company has a market cap of $351.68 million, a P/E ratio of 15.20 and a beta of 0.66.

Invesco KBW Property & Casualty Insurance ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Tuesday, March 21st were given a dividend of $0.431 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Monday, March 20th.

Institutional Trading of Invesco KBW Property & Casualty Insurance ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new stake in shares of Invesco KBW Property & Casualty Insurance ETF during the 1st quarter worth approximately $28,000. Susquehanna International Group LLP raised its position in shares of Invesco KBW Property & Casualty Insurance ETF by 166.3% during the 1st quarter. Susquehanna International Group LLP now owns 23,631 shares of the company’s stock worth $1,967,000 after purchasing an additional 14,756 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Invesco KBW Property & Casualty Insurance ETF during the 1st quarter worth approximately $209,000. Flow Traders U.S. LLC acquired a new stake in shares of Invesco KBW Property & Casualty Insurance ETF during the 1st quarter worth approximately $726,000. Finally, MML Investors Services LLC raised its position in shares of Invesco KBW Property & Casualty Insurance ETF by 83.0% during the 1st quarter. MML Investors Services LLC now owns 10,962 shares of the company’s stock worth $912,000 after purchasing an additional 4,971 shares during the period.

Invesco KBW Property & Casualty Insurance ETF Company Profile

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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.