Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Sees Unusually-High Trading Volume

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) saw an uptick in trading volume on Wednesday . 23,987 shares were traded during trading, a decline of 24% from the previous session’s volume of 31,414 shares.The stock last traded at $116.19 and had previously closed at $115.98.

Invesco KBW Property & Casualty Insurance ETF Stock Down 0.2 %

The company has a 50 day simple moving average of $111.61 and a 200 day simple moving average of $106.95. The company has a market capitalization of $534.86 million, a price-to-earnings ratio of 19.40 and a beta of 0.66.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.342 per share. This represents a $1.37 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Monday, September 23rd. This is an increase from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.31.

Institutional Investors Weigh In On Invesco KBW Property & Casualty Insurance ETF

Several large investors have recently made changes to their positions in the business. AdvisorNet Financial Inc boosted its position in Invesco KBW Property & Casualty Insurance ETF by 8.5% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,323 shares of the company’s stock worth $135,000 after purchasing an additional 104 shares during the period. WBI Investments LLC acquired a new stake in Invesco KBW Property & Casualty Insurance ETF during the 1st quarter valued at approximately $225,000. Hudock Inc. purchased a new stake in Invesco KBW Property & Casualty Insurance ETF during the 2nd quarter worth approximately $240,000. Oppenheimer & Co. Inc. acquired a new position in shares of Invesco KBW Property & Casualty Insurance ETF in the 1st quarter valued at approximately $288,000. Finally, PFG Advisors acquired a new position in shares of Invesco KBW Property & Casualty Insurance ETF in the 1st quarter valued at approximately $380,000.

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.