Williams & Novak LLC Reduces Position in Invesco KBW Property & Casualty Insurance ETF $KBWP

Williams & Novak LLC lowered its holdings in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 70.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,997 shares of the company’s stock after selling 4,826 shares during the period. Williams & Novak LLC’s holdings in Invesco KBW Property & Casualty Insurance ETF were worth $247,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. WFA of San Diego LLC bought a new stake in Invesco KBW Property & Casualty Insurance ETF during the 2nd quarter valued at $32,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 2,710.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,602 shares of the company’s stock valued at $197,000 after acquiring an additional 1,545 shares in the last quarter. Western Financial Corp CA purchased a new position in shares of Invesco KBW Property & Casualty Insurance ETF during the second quarter worth about $290,000. MinichMacGregor Wealth Management LLC bought a new position in shares of Invesco KBW Property & Casualty Insurance ETF in the second quarter worth approximately $331,000. Finally, Prospera Financial Services Inc purchased a new position in Invesco KBW Property & Casualty Insurance ETF in the second quarter worth $362,000.

Invesco KBW Property & Casualty Insurance ETF Price Performance

Shares of KBWP stock opened at $122.00 on Wednesday. The business has a 50-day moving average of $124.72 and a 200 day moving average of $121.72. Invesco KBW Property & Casualty Insurance ETF has a 1-year low of $108.64 and a 1-year high of $128.70. The stock 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 Increases Dividend

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

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.