KBWP Stock Summary and Trading Ideas (Invesco KBW Property & Casualty Insurance ETF | NASDAQ:KBWP)

The Invesco KBW Property & Casualty Insurance ETF (Fund) is based on the KBW Nasdaq Property & Casualty Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index is a modified market capitalization weighted index that seeks to reflect the performance of approximately 24 property and casualty insurance companies. The Fund and the Index are rebalanced and reconstituted quarterly.

Invesco KBW Property & Casualty Insurance ETF trades on the NASDAQ stock market under the symbol KBWP.

As of May 16, 2024, KBWP stock price climbed to $106.58 with 11,264 million shares trading.

KBWP has a beta of 0.18, meaning it tends to be less sensitive to market movements. KBWP has a correlation of 0.02 to the broad based SPY ETF.

KBWP has a market cap of $324.00 million. This is considered a Small Cap stock.

In the last 3 years, KBWP stock traded as high as $107.98 and as low as $72.41.

KBWP has underperformed the market in the last year with a price return of +29.2% while the SPY ETF gained +29.9%. KBWP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +5.5% and +2.8%, respectively, while the SPY returned +5.9% and +5.9%, respectively.

KBWP support price is $104.17 and resistance is $106.09 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KBWP stock will trade within this expected range on the day.