RM Financial Services LLC Invests $2.99 Million in Invesco KBW Property & Casualty Insurance ETF $KBWP

RM Financial Services LLC acquired a new position in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 23,495 shares of the company’s stock, valued at approximately $2,991,000. Invesco KBW Property & Casualty Insurance ETF makes up approximately 2.7% of RM Financial Services LLC’s portfolio, making the stock its 11th biggest holding. RM Financial Services LLC owned 1.03% of Invesco KBW Property & Casualty Insurance ETF at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Kingsview Wealth Management LLC boosted its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 69.4% during the 3rd quarter. Kingsview Wealth Management LLC now owns 133,586 shares of the company’s stock worth $16,522,000 after acquiring an additional 54,713 shares in the last quarter. Redstone Wealth Management LLC bought a new stake in shares of Invesco KBW Property & Casualty Insurance ETF during the 4th quarter worth $11,516,000. Menora Mivtachim Holdings LTD. bought a new stake in shares of Invesco KBW Property & Casualty Insurance ETF during the 3rd quarter worth $618,000. GGM Financials LLC bought a new stake in shares of Invesco KBW Property & Casualty Insurance ETF during the 3rd quarter worth $91,000. Finally, Mutual Advisors LLC boosted its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 4.7% during the 4th quarter. Mutual Advisors LLC now owns 89,150 shares of the company’s stock worth $11,348,000 after acquiring an additional 3,989 shares in the last quarter.

Invesco KBW Property & Casualty Insurance ETF Stock Up 1.8%

KBWP opened at $121.58 on Thursday. The firm has a market cap of $256.53 million, a PE ratio of 13.50 and a beta of 0.41. The business has a fifty day simple moving average of $119.70 and a 200-day simple moving average of $122.30. Invesco KBW Property & Casualty Insurance ETF has a fifty-two week low of $114.62 and a fifty-two week high of $129.00.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.9853 dividend. This represents a $3.94 annualized dividend and a dividend yield of 3.2%. This is a boost from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, March 23rd.

Invesco KBW Property & Casualty Insurance ETF 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.