Invesco KBW Property & Casualty Insurance ETF (KBWP) to Issue Quarterly Dividend of $0.99 on March 27th

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) declared a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Investors of record on Monday, March 23rd will be paid a dividend of 0.9853 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Monday, March 23rd. This is a 62.9% increase from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.60.

Invesco KBW Property & Casualty Insurance ETF Stock Down 0.2%

NASDAQ KBWP opened at $119.33 on Wednesday. Invesco KBW Property & Casualty Insurance ETF has a 52 week low of $108.64 and a 52 week high of $129.00. The firm has a 50 day moving average of $122.88 and a two-hundred day moving average of $122.82. The stock has a market capitalization of $273.27 million, a PE ratio of 13.50 and a beta of 0.55.

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

Several large investors have recently bought and sold shares of KBWP. WFA of San Diego LLC acquired a new stake in Invesco KBW Property & Casualty Insurance ETF in the second quarter valued at $32,000. Flagship Harbor Advisors LLC purchased a new position in shares of Invesco KBW Property & Casualty Insurance ETF in the 4th quarter valued at about $60,000. GGM Financials LLC purchased a new position in shares of Invesco KBW Property & Casualty Insurance ETF in the 3rd quarter valued at about $91,000. Sound Income Strategies LLC raised its position in shares of Invesco KBW Property & Casualty Insurance ETF by 32,625.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,309 shares of the company’s stock worth $159,000 after acquiring an additional 1,305 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in Invesco KBW Property & Casualty Insurance ETF during the third quarter worth approximately $187,000.

About Invesco KBW Property & Casualty Insurance ETF

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.