IFG Advisory LLC Decreases Position in Invesco KBW Property & Casualty Insurance ETF $KBWP

IFG Advisory LLC lessened its holdings in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 60.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,621 shares of the company’s stock after selling 5,450 shares during the quarter. IFG Advisory LLC’s holdings in Invesco KBW Property & Casualty Insurance ETF were worth $461,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kingsview Wealth Management LLC raised its position in shares of Invesco KBW Property & Casualty Insurance ETF by 69.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 133,586 shares of the company’s stock valued at $16,522,000 after purchasing an additional 54,713 shares during the last quarter. Raymond James Financial Inc. raised its stake in Invesco KBW Property & Casualty Insurance ETF by 180.0% in the 2nd quarter. Raymond James Financial Inc. now owns 100,177 shares of the company’s stock worth $12,305,000 after acquiring an additional 64,399 shares during the last quarter. Redstone Wealth Management LLC purchased a new position in Invesco KBW Property & Casualty Insurance ETF in the 4th quarter worth $11,516,000. Mutual Advisors LLC raised its stake in Invesco KBW Property & Casualty Insurance ETF by 4.7% in 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 during the last quarter. Finally, Bank of America Corp DE raised its stake in Invesco KBW Property & Casualty Insurance ETF by 38.3% in the 2nd quarter. Bank of America Corp DE now owns 47,793 shares of the company’s stock worth $5,870,000 after acquiring an additional 13,225 shares during the last quarter.

Invesco KBW Property & Casualty Insurance ETF Price Performance

Shares of KBWP stock opened at $115.32 on Monday. Invesco KBW Property & Casualty Insurance ETF has a 1 year low of $114.62 and a 1 year high of $129.00. The firm has a market capitalization of $243.33 million, a price-to-earnings ratio of 13.50 and a beta of 0.43. The business has a fifty day moving average of $119.81 and a 200 day moving average of $122.57.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.9853 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $3.94 dividend on an annualized basis and a yield of 3.4%. This is a boost from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.60.

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.