Private Advisor Group LLC Takes $939,000 Position in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

Private Advisor Group LLC purchased a new position in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,712 shares of the company’s stock, valued at approximately $939,000. Private Advisor Group LLC owned about 0.29% of Invesco KBW Property & Casualty Insurance ETF at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Raymond James Financial Services Advisors Inc. raised its position in shares of Invesco KBW Property & Casualty Insurance ETF by 4.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 3,103 shares of the company’s stock valued at $281,000 after acquiring an additional 144 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Invesco KBW Property & Casualty Insurance ETF by 2.8% in the first quarter. Commonwealth Equity Services LLC now owns 8,846 shares of the company’s stock valued at $953,000 after purchasing an additional 244 shares during the last quarter. Fulcrum Equity Management lifted its stake in Invesco KBW Property & Casualty Insurance ETF by 2.0% in the first quarter. Fulcrum Equity Management now owns 13,381 shares of the company’s stock valued at $1,442,000 after buying an additional 266 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in Invesco KBW Property & Casualty Insurance ETF by 15.0% during the first quarter. J.W. Cole Advisors Inc. now owns 3,945 shares of the company’s stock worth $425,000 after buying an additional 514 shares during the last quarter. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Invesco KBW Property & Casualty Insurance ETF during the 4th quarter worth about $72,000.

Invesco KBW Property & Casualty Insurance ETF Price Performance

Shares of KBWP stock opened at $103.57 on Friday. The stock has a market cap of $307.60 million, a PE ratio of 19.40 and a beta of 0.66. The stock has a 50-day moving average of $104.21 and a 200-day moving average of $101.51. Invesco KBW Property & Casualty Insurance ETF has a one year low of $79.30 and a one year high of $107.99.

Invesco KBW Property & Casualty Insurance ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were issued a $0.3064 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.23 annualized dividend and a yield of 1.18%.

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.