Kingsview Wealth Management LLC Decreases Stake in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

Kingsview Wealth Management LLC cut its holdings in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 0.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,703 shares of the company’s stock after selling 371 shares during the period. Kingsview Wealth Management LLC’s holdings in Invesco KBW Property & Casualty Insurance ETF were worth $12,048,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in Invesco KBW Property & Casualty Insurance ETF in the fourth quarter valued at approximately $14,254,000. LPL Financial LLC raised its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 31.6% in the fourth quarter. LPL Financial LLC now owns 179,279 shares of the company’s stock valued at $20,807,000 after buying an additional 43,052 shares during the period. Fulcrum Equity Management purchased a new position in shares of Invesco KBW Property & Casualty Insurance ETF during the 4th quarter valued at $1,805,000. Bank of America Corp DE lifted its position in shares of Invesco KBW Property & Casualty Insurance ETF by 16.0% during the 4th quarter. Bank of America Corp DE now owns 64,913 shares of the company’s stock valued at $7,534,000 after buying an additional 8,952 shares during the last quarter. Finally, Stegent Equity Advisors Inc. grew its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 53.8% during the 1st quarter. Stegent Equity Advisors Inc. now owns 24,870 shares of the company’s stock worth $3,098,000 after acquiring an additional 8,701 shares during the period.

Invesco KBW Property & Casualty Insurance ETF Stock Performance

Shares of Invesco KBW Property & Casualty Insurance ETF stock opened at $117.86 on Thursday. The stock has a market capitalization of $470.26 million, a P/E ratio of 13.50 and a beta of 0.66. Invesco KBW Property & Casualty Insurance ETF has a 52-week low of $103.71 and a 52-week high of $127.17. The stock’s 50-day simple moving average is $121.98 and its 200 day simple moving average is $118.79.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were issued a $0.3764 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This is an increase from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.34. This represents a $1.51 annualized dividend and a yield of 1.28%.

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.