Mutual Advisors LLC Has $10.09 Million Holdings in Invesco KBW Property & Casualty Insurance ETF $KBWP

Mutual Advisors LLC grew its stake in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 8.1% in the third quarter, HoldingsChannel reports. The fund owned 85,161 shares of the company’s stock after acquiring an additional 6,404 shares during the period. Mutual Advisors LLC’s holdings in Invesco KBW Property & Casualty Insurance ETF were worth $10,091,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Outlook Wealth Advisors LLC acquired a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the third quarter valued at approximately $1,039,000. Elevate Capital Advisors LLC boosted its position in Invesco KBW Property & Casualty Insurance ETF by 17.8% in the 3rd quarter. Elevate Capital Advisors LLC now owns 28,403 shares of the company’s stock valued at $3,513,000 after buying an additional 4,295 shares during the last quarter. Focus Financial Network Inc. increased its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 3.5% in the 3rd quarter. Focus Financial Network Inc. now owns 22,358 shares of the company’s stock valued at $2,765,000 after buying an additional 756 shares during the period. Nilsine Partners LLC raised its position in shares of Invesco KBW Property & Casualty Insurance ETF by 1.0% during the third quarter. Nilsine Partners LLC now owns 10,107 shares of the company’s stock worth $1,250,000 after acquiring an additional 97 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 20.0% during the second quarter. Osaic Holdings Inc. now owns 11,718 shares of the company’s stock valued at $1,440,000 after acquiring an additional 1,955 shares during the period.

Invesco KBW Property & Casualty Insurance ETF Stock Up 0.7%

Invesco KBW Property & Casualty Insurance ETF stock opened at $123.65 on Friday. The business’s 50-day simple moving average is $124.54 and its 200 day simple moving average is $121.88. The stock has a market cap of $284.38 million, a price-to-earnings ratio of 13.50 and a beta of 0.55. Invesco KBW Property & Casualty Insurance ETF has a 12-month low of $108.64 and a 12-month high of $128.70.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The firm also recently declared 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. The ex-dividend date was Monday, December 22nd. This represents a $2.42 annualized dividend and a dividend yield of 2.0%. This is a positive change 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.