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

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) shares traded up 0.3% during mid-day trading on Friday . The company traded as high as $132.80 and last traded at $132.25. Approximately 7,164 shares changed 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 company’s 50-day moving average is $122.08 and its two-hundred day moving average is $122.63. The company has a market capitalization of $279.05 million, a P/E ratio of 13.50 and a beta of 0.40.

Invesco KBW Property & Casualty Insurance ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.4994 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, June 22nd.

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

A number of institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. lifted its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 180.0% during the 2nd quarter. Raymond James Financial Inc. now owns 100,177 shares of the company’s stock worth $12,305,000 after acquiring an additional 64,399 shares during the last quarter. Redstone Wealth Management LLC increased its stake in Invesco KBW Property & Casualty Insurance ETF by 0.6% in the first quarter. Redstone Wealth Management LLC now owns 91,046 shares of the company’s stock valued at $10,833,000 after acquiring an additional 578 shares during the last quarter. Mutual Advisors LLC raised its position in Invesco KBW Property & Casualty Insurance ETF by 4.7% during the fourth quarter. Mutual Advisors LLC now owns 89,150 shares of the company’s stock valued at $11,348,000 after purchasing an additional 3,989 shares in the last quarter. Cetera Investment Advisers raised its position in 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 valued at $7,389,000 after purchasing an additional 8,381 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Invesco KBW Property & Casualty Insurance ETF by 38.3% during the second quarter. Bank of America Corp DE now owns 47,793 shares of the company’s stock worth $5,870,000 after purchasing an additional 13,225 shares during the last quarter.

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.