Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP – Get Free Report) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 22,200 shares, an increase of 640.0% from the October 15th total of 3,000 shares. Based on an average trading volume of 13,500 shares, the days-to-cover ratio is presently 1.6 days.
Invesco KBW Property & Casualty Insurance ETF Stock Up 1.0 %
KBWP opened at $88.26 on Friday. The business has a fifty day moving average of $85.93 and a 200 day moving average of $83.66. Invesco KBW Property & Casualty Insurance ETF has a 52-week low of $78.16 and a 52-week high of $92.03. The stock has a market cap of $161.52 million, a P/E ratio of 15.20 and a beta of 0.66.
Invesco KBW Property & Casualty Insurance ETF Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Tuesday, September 19th were issued a dividend of $0.3234 per share. This represents a $1.29 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Monday, September 18th.
Hedge Funds Weigh In On Invesco KBW Property & Casualty Insurance ETF
A number of large investors have recently bought and sold shares of KBWP. Envestnet Asset Management Inc. bought a new stake in shares of Invesco KBW Property & Casualty Insurance ETF during the first quarter valued at approximately $366,000. Raymond James & Associates bought a new stake in shares of Invesco KBW Property & Casualty Insurance ETF during the first quarter valued at approximately $2,924,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 80.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 19,514 shares of the company’s stock valued at $1,699,000 after acquiring an additional 8,693 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Invesco KBW Property & Casualty Insurance ETF during the first quarter valued at approximately $435,000. Finally, Cetera Investment Advisers raised its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 4.4% during the first quarter. Cetera Investment Advisers now owns 2,943 shares of the company’s stock valued at $256,000 after acquiring an additional 125 shares in the last quarter.
Invesco KBW Property & Casualty Insurance ETF Company Profile
(Get Free Report)
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.
Featured Stories
Receive News & Ratings for Invesco KBW Property & Casualty Insurance ETF Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Invesco KBW Property & Casualty Insurance ETF and related companies with MarketBeat.com’s FREE daily email newsletter.
