Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Trading Up 0.3% – Time to Buy?

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)’s share price shot up 0.3% on Friday . The company traded as high as $132.80 and last traded at $132.25. 7,164 shares traded hands during trading, a decline of 55% from the average session volume of 16,087 shares. The stock had previously closed at $131.82.

Invesco KBW Property & Casualty Insurance ETF Stock Up 0.3%

The stock has a market capitalization of $279.05 million, a PE ratio of 13.50 and a beta of 0.40. The stock has a fifty day moving average of $122.08 and a 200-day moving average of $122.63.

Invesco KBW Property & Casualty Insurance ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a $0.4994 dividend. 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 and hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers increased its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 15.6% during the first quarter. Cetera Investment Advisers now owns 62,098 shares of the company’s stock worth $7,389,000 after buying an additional 8,381 shares during the period. Kestra Advisory Services LLC lifted its stake 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 acquiring an additional 448 shares during the last quarter. Redstone Wealth Management LLC grew 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 acquiring an additional 578 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Invesco KBW Property & Casualty Insurance ETF by 171.6% during the 4th quarter. NewEdge Advisors LLC now owns 4,114 shares of the company’s stock worth $524,000 after acquiring an additional 2,599 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of Invesco KBW Property & Casualty Insurance ETF by 155.7% in the 4th quarter. Royal Bank of Canada now owns 28,092 shares of the company’s stock valued at $3,576,000 after purchasing an additional 17,105 shares during the last quarter.

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.