Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Stock Price Up 2.8% – What’s Next?

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)’s stock price was up 2.8% during mid-day trading on Wednesday. The company traded as high as $143.56 and last traded at $143.5980. Approximately 12,768 shares were traded during trading, a decline of 22% from the average daily volume of 16,445 shares. The stock had previously closed at $139.72.

Invesco KBW Property & Casualty Insurance ETF Price Performance

The firm has a 50-day moving average price of $130.92 and a 200 day moving average price of $126.21. The company has a market cap of $313.04 million, a price-to-earnings ratio of 12.33 and a beta of 0.35.

Invesco KBW Property & Casualty Insurance ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were issued a dividend of $0.3599 per share. This represents a $1.44 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, September 21st. This is a decrease from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.4994.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC grew its holdings in Invesco KBW Property & Casualty Insurance ETF by 4.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 18,993 shares of the company’s stock valued at $2,330,000 after buying an additional 876 shares in the last quarter. Redstone Wealth Management LLC lifted its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 1.8% during the third quarter. Redstone Wealth Management LLC now owns 117,374 shares of the company’s stock worth $14,399,000 after buying an additional 2,023 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 22.8% during the second quarter. NewEdge Advisors LLC now owns 4,924 shares of the company’s stock worth $624,000 after buying an additional 913 shares in the last quarter. Vanguard Capital Wealth Advisors acquired a new stake in shares of Invesco KBW Property & Casualty Insurance ETF during the second quarter worth $659,000. Finally, Cetera Investment Advisers lifted its holdings 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 in 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.