J.W. Cole Advisors Inc. lifted its position in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP – Free Report) by 15.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,945 shares of the company’s stock after purchasing an additional 514 shares during the quarter. J.W. Cole Advisors Inc. owned about 0.13% of Invesco KBW Property & Casualty Insurance ETF worth $425,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. lifted its position in Invesco KBW Property & Casualty Insurance ETF by 160.5% in the 1st 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 during the last quarter. Fortis Group Advisors LLC purchased a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the 1st quarter valued at $8,276,000. Raymond James & Associates grew its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 338.4% during the 4th quarter. Raymond James & Associates now owns 20,658 shares of the company’s stock valued at $1,870,000 after purchasing an additional 15,946 shares during the last quarter. Focus Financial Network Inc. ADV purchased a new position in Invesco KBW Property & Casualty Insurance ETF in the 4th quarter worth $1,698,000. Finally, DAVENPORT & Co LLC raised its position in Invesco KBW Property & Casualty Insurance ETF by 13.1% in the 4th quarter. DAVENPORT & Co LLC now owns 15,174 shares of the company’s stock worth $1,373,000 after purchasing an additional 1,752 shares during the period.
Invesco KBW Property & Casualty Insurance ETF Stock Performance
KBWP traded down $0.67 on Friday, hitting $100.88. 19,959 shares of the company were exchanged, compared to its average volume of 25,609. Invesco KBW Property & Casualty Insurance ETF has a 12 month low of $79.30 and a 12 month high of $107.99. The firm has a fifty day simple moving average of $104.28 and a two-hundred day simple moving average of $101.15. The stock has a market capitalization of $297.60 million, a PE ratio of 19.40 and a beta of 0.66.
Invesco KBW Property & Casualty Insurance ETF Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were paid a dividend of $0.3064 per share. This represents a $1.23 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Monday, June 24th.
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.
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