Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) Sees Large Decrease in Short Interest

Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 5,200 shares, a decline of 38.8% from the January 31st total of 8,500 shares. Based on an average daily trading volume, of 32,400 shares, the days-to-cover ratio is presently 0.2 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of KBWP. HighTower Advisors LLC acquired a new stake in Invesco KBW Property & Casualty Insurance ETF during the third quarter worth about $22,390,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the fourth quarter valued at approximately $14,254,000. LPL Financial LLC increased its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 31.6% in the fourth quarter. LPL Financial LLC now owns 179,279 shares of the company’s stock valued at $20,807,000 after purchasing an additional 43,052 shares during the period. Kingsview Wealth Management LLC increased its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 65.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 97,074 shares of the company’s stock valued at $11,266,000 after purchasing an additional 38,537 shares during the period. Finally, Raymond James & Associates acquired a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the third quarter valued at approximately $3,071,000.

Invesco KBW Property & Casualty Insurance ETF Trading Up 1.4 %

KBWP stock traded up $1.68 during trading on Friday, reaching $119.97. The stock had a trading volume of 13,926 shares, compared to its average volume of 39,590. The company has a market capitalization of $448.69 million, a P/E ratio of 10.82 and a beta of 0.66. The firm has a fifty day moving average price of $114.71 and a 200 day moving average price of $116.27. Invesco KBW Property & Casualty Insurance ETF has a 1-year low of $100.25 and a 1-year high of $127.17.

Invesco KBW Property & Casualty Insurance ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a dividend of $0.7787 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.