Stegent Equity Advisors Inc. Reduces Position in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

Stegent Equity Advisors Inc. cut its stake in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,897 shares of the company’s stock after selling 1,753 shares during the quarter. Invesco KBW Property & Casualty Insurance ETF comprises approximately 2.2% of Stegent Equity Advisors Inc.’s investment portfolio, making the stock its 14th biggest holding. Stegent Equity Advisors Inc.’s holdings in Invesco KBW Property & Casualty Insurance ETF were worth $1,891,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. SMI Advisory Services LLC purchased a new stake in Invesco KBW Property & Casualty Insurance ETF in the third quarter valued at $3,833,000. Raymond James & Associates boosted its holdings in Invesco KBW Property & Casualty Insurance ETF by 338.4% in the fourth quarter. Raymond James & Associates now owns 20,658 shares of the company’s stock valued at $1,870,000 after purchasing an additional 15,946 shares during the last quarter. Fulcrum Equity Management purchased a new stake in Invesco KBW Property & Casualty Insurance ETF in the fourth quarter valued at $1,187,000. Brookstone Capital Management purchased a new stake in Invesco KBW Property & Casualty Insurance ETF in the fourth quarter valued at $241,000. Finally, Private Trust Co. NA purchased a new stake in Invesco KBW Property & Casualty Insurance ETF in the fourth quarter valued at $213,000.

Invesco KBW Property & Casualty Insurance ETF Price Performance

NASDAQ:KBWP traded down $0.08 during mid-day trading on Tuesday, hitting $102.75. The company’s stock had a trading volume of 22,831 shares, compared to its average volume of 28,121. The business’s fifty day moving average is $103.71 and its two-hundred day moving average is $96.12. Invesco KBW Property & Casualty Insurance ETF has a 1 year low of $78.65 and a 1 year high of $107.98. The stock has a market cap of $306.20 million, a price-to-earnings ratio of 18.82 and a beta of 0.66.

Invesco KBW Property & Casualty Insurance ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.4781 per share. This represents a $1.91 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Monday, March 18th.

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.