Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Hits New 1-Year High – Should You Buy?

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)’s share price reached a new 52-week high on Friday . The company traded as high as $117.09 and last traded at $116.98, with a volume of 30634 shares. The stock had previously closed at $115.03.

Invesco KBW Property & Casualty Insurance ETF Stock Up 2.0 %

The stock’s fifty day moving average price is $112.25 and its two-hundred day moving average price is $107.19. The company has a market capitalization of $550.47 million, a PE ratio of 19.40 and a beta of 0.66.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.342 dividend. This is an increase from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.31. This represents a $1.37 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Monday, September 23rd.

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

A number of institutional investors have recently bought and sold shares of KBWP. Commonwealth Equity Services LLC raised its stake in Invesco KBW Property & Casualty Insurance ETF by 2.8% in the first quarter. Commonwealth Equity Services LLC now owns 8,846 shares of the company’s stock worth $953,000 after buying an additional 244 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in Invesco KBW Property & Casualty Insurance ETF by 160.5% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,055,000 shares of the company’s stock worth $113,676,000 after buying an additional 650,000 shares in the last quarter. Fortis Group Advisors LLC bought a new position in Invesco KBW Property & Casualty Insurance ETF in the first quarter worth about $8,276,000. J.W. Cole Advisors Inc. raised its stake in Invesco KBW Property & Casualty Insurance ETF by 15.0% in the first quarter. J.W. Cole Advisors Inc. now owns 3,945 shares of the company’s stock worth $425,000 after buying an additional 514 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in shares of Invesco KBW Property & Casualty Insurance ETF during the first quarter valued at approximately $939,000.

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.