Invesco KBW Property & Casualty Insurance ETF $KBWP Shares Sold by Williams & Novak LLC

Williams & Novak LLC lowered its position in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 70.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,997 shares of the company’s stock after selling 4,826 shares during the quarter. Williams & Novak LLC owned 0.06% of Invesco KBW Property & Casualty Insurance ETF worth $247,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Nilsine Partners LLC increased its holdings in Invesco KBW Property & Casualty Insurance ETF by 1.0% during the 3rd quarter. Nilsine Partners LLC now owns 10,107 shares of the company’s stock worth $1,250,000 after purchasing an additional 97 shares during the last quarter. WFA of San Diego LLC bought a new stake in shares of Invesco KBW Property & Casualty Insurance ETF during the second quarter valued at approximately $32,000. J.W. Cole Advisors Inc. raised its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 13.2% during the second quarter. J.W. Cole Advisors Inc. now owns 4,061 shares of the company’s stock valued at $499,000 after purchasing an additional 472 shares in the last quarter. MML Investors Services LLC raised its holdings in Invesco KBW Property & Casualty Insurance ETF by 5.1% during the second quarter. MML Investors Services LLC now owns 10,703 shares of the company’s stock worth $1,315,000 after purchasing an additional 521 shares in the last quarter. Finally, Stegent Equity Advisors Inc. lifted its position in Invesco KBW Property & Casualty Insurance ETF by 2.2% in the second quarter. Stegent Equity Advisors Inc. now owns 25,408 shares of the company’s stock worth $3,121,000 after purchasing an additional 538 shares during the period.

Invesco KBW Property & Casualty Insurance ETF Stock Performance

KBWP opened at $122.00 on Wednesday. The stock’s fifty day moving average is $124.72 and its 200-day moving average is $121.72. The company has a market capitalization of $280.59 million, a PE ratio of 13.50 and a beta of 0.55. Invesco KBW Property & Casualty Insurance ETF has a one year low of $108.64 and a one year high of $128.70.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $0.6048 per share. This represents a $2.42 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, December 22nd. This is an increase from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.37.

Invesco KBW Property & Casualty Insurance ETF Company 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.