Mutual Advisors LLC Has $8.29 Million Stock Position in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

Mutual Advisors LLC decreased its holdings in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 7.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 70,390 shares of the company’s stock after selling 5,347 shares during the quarter. Mutual Advisors LLC’s holdings in Invesco KBW Property & Casualty Insurance ETF were worth $8,288,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in KBWP. First National Corp MA ADV acquired a new position in shares of Invesco KBW Property & Casualty Insurance ETF during the third quarter worth approximately $11,330,000. Kingsview Wealth Management LLC raised its position 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 last quarter. Raymond James & Associates bought a new position in Invesco KBW Property & Casualty Insurance ETF in the 3rd quarter worth approximately $3,071,000. Focus Financial Network Inc. lifted its holdings in Invesco KBW Property & Casualty Insurance ETF by 3.1% during the 2nd quarter. Focus Financial Network Inc. now owns 19,103 shares of the company’s stock worth $2,071,000 after buying an additional 566 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in Invesco KBW Property & Casualty Insurance ETF by 12.9% in the 2nd quarter. Cetera Investment Advisers now owns 12,529 shares of the company’s stock valued at $1,283,000 after buying an additional 1,431 shares during the last quarter.

Invesco KBW Property & Casualty Insurance ETF Stock Down 1.0 %

KBWP stock opened at $115.33 on Wednesday. Invesco KBW Property & Casualty Insurance ETF has a twelve month low of $85.46 and a twelve month high of $120.45. The company has a market cap of $424.41 million, a P/E ratio of 19.40 and a beta of 0.66. The business has a fifty day moving average of $115.31 and a 200-day moving average of $108.54.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.342 dividend. This is a positive change from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.31. This represents a $1.37 annualized dividend and a yield of 1.19%. The ex-dividend date was Monday, September 23rd.

Invesco KBW Property & Casualty Insurance ETF 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.