Brookstone Capital Management Sells 525 Shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

Brookstone Capital Management cut its holdings in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 19.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,139 shares of the company’s stock after selling 525 shares during the period. Brookstone Capital Management’s holdings in Invesco KBW Property & Casualty Insurance ETF were worth $230,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Focus Financial Network Inc. ADV bought a new position in shares of Invesco KBW Property & Casualty Insurance ETF in the fourth quarter valued at approximately $1,698,000. Kingsview Wealth Management LLC grew its holdings in Invesco KBW Property & Casualty Insurance ETF by 37.9% during the fourth quarter. Kingsview Wealth Management LLC now owns 12,003 shares of the company’s stock valued at $1,086,000 after purchasing an additional 3,301 shares during the period. Legacy Capital Group California Inc. bought a new position in Invesco KBW Property & Casualty Insurance ETF during the fourth quarter valued at $285,000. Janney Montgomery Scott LLC bought a new position in Invesco KBW Property & Casualty Insurance ETF during the fourth quarter valued at $426,000. Finally, Geneos Wealth Management Inc. bought a new position in Invesco KBW Property & Casualty Insurance ETF during the fourth quarter valued at $72,000.

Invesco KBW Property & Casualty Insurance ETF Trading Up 0.1 %

Shares of NASDAQ KBWP opened at $102.52 on Wednesday. The stock has a fifty day simple moving average of $104.43 and a two-hundred day simple moving average of $100.98. Invesco KBW Property & Casualty Insurance ETF has a 1-year low of $79.30 and a 1-year high of $107.99. The firm has a market cap of $305.51 million, a price-to-earnings 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. Shareholders of record on Monday, June 24th were issued a dividend of $0.3064 per share. This represents a $1.23 annualized dividend and a yield of 1.20%. 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.