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

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) shares saw unusually-high trading volume on Wednesday . Approximately 23,987 shares traded hands 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 Trading Down 0.2 %

The firm has a market capitalization of $534.86 million, a PE ratio of 19.40 and a beta of 0.66. The firm’s fifty day moving average price is $111.61 and its 200 day moving average price is $106.95.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.342 dividend. This represents a $1.37 annualized dividend and a yield of 1.18%. This is a positive change from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.31. The ex-dividend date was Monday, September 23rd.

Institutional Trading of Invesco KBW Property & Casualty Insurance ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. grew its position in Invesco KBW Property & Casualty Insurance ETF by 160.5% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,055,000 shares of the company’s stock valued at $113,676,000 after buying an additional 650,000 shares during the period. Fortis Group Advisors LLC acquired a new position in Invesco KBW Property & Casualty Insurance ETF in the 1st quarter worth about $8,276,000. Kingsview Wealth Management LLC raised its holdings in Invesco KBW Property & Casualty Insurance ETF by 412.3% in the 1st quarter. Kingsview Wealth Management LLC now owns 61,495 shares of the company’s stock worth $6,626,000 after purchasing an additional 49,492 shares during the period. Private Advisor Group LLC purchased a new position in Invesco KBW Property & Casualty Insurance ETF during the first quarter worth approximately $939,000. Finally, Axxcess Wealth Management LLC acquired a new stake in Invesco KBW Property & Casualty Insurance ETF in the 1st quarter valued at $920,000.

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.