Axxcess Wealth Management LLC Decreases Stock Position in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

Axxcess Wealth Management LLC reduced its position in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 14.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,325 shares of the company’s stock after selling 1,635 shares during the quarter. Axxcess Wealth Management LLC owned approximately 0.25% of Invesco KBW Property & Casualty Insurance ETF worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of KBWP. Janney Montgomery Scott LLC increased its position in Invesco KBW Property & Casualty Insurance ETF by 26.2% in the first quarter. Janney Montgomery Scott LLC now owns 5,933 shares of the company’s stock worth $639,000 after buying an additional 1,231 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Invesco KBW Property & Casualty Insurance ETF in the first quarter worth $288,000. Kingsview Wealth Management LLC increased its position in Invesco KBW Property & Casualty Insurance ETF by 412.3% in the first quarter. Kingsview Wealth Management LLC now owns 61,495 shares of the company’s stock worth $6,626,000 after buying an additional 49,492 shares during the last quarter. Fifth Third Securities Inc. purchased a new stake in Invesco KBW Property & Casualty Insurance ETF in the second quarter worth $767,000. Finally, AdvisorNet Financial Inc grew its position in shares of Invesco KBW Property & Casualty Insurance ETF by 8.5% in the second quarter. AdvisorNet Financial Inc now owns 1,323 shares of the company’s stock valued at $135,000 after purchasing an additional 104 shares in the last quarter.

Invesco KBW Property & Casualty Insurance ETF Stock Performance

Shares of NASDAQ KBWP opened at $120.99 on Wednesday. The stock has a market cap of $453.71 million, a PE ratio of 19.40 and a beta of 0.66. Invesco KBW Property & Casualty Insurance ETF has a fifty-two week low of $87.89 and a fifty-two week high of $122.12. The stock has a fifty day moving average of $115.94 and a 200-day moving average of $109.41.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.342 dividend. The ex-dividend date was Monday, September 23rd. This is a boost from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.31. This represents a $1.37 annualized dividend and a dividend yield of 1.13%.

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.