Kingsview Wealth Management LLC Sells 10,770 Shares of Invesco KBW Property & Casualty Insurance ETF $KBWP

Kingsview Wealth Management LLC trimmed its holdings in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,816 shares of the company’s stock after selling 10,770 shares during the period. Kingsview Wealth Management LLC owned about 0.05% of Invesco KBW Property & Casualty Insurance ETF worth $15,634,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KBWP. Redstone Wealth Management LLC purchased a new stake in Invesco KBW Property & Casualty Insurance ETF during the fourth quarter valued at about $11,516,000. Raymond James Financial Inc. boosted its position in Invesco KBW Property & Casualty Insurance ETF by 180.0% during the second quarter. Raymond James Financial Inc. now owns 100,177 shares of the company’s stock valued at $12,305,000 after buying an additional 64,399 shares during the period. Citadel Advisors LLC purchased a new stake in Invesco KBW Property & Casualty Insurance ETF during the third quarter valued at about $3,248,000. Two Sigma Investments LP boosted its position in Invesco KBW Property & Casualty Insurance ETF by 54.2% during the third quarter. Two Sigma Investments LP now owns 40,700 shares of the company’s stock valued at $5,034,000 after buying an additional 14,300 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Invesco KBW Property & Casualty Insurance ETF by 113.5% during the first quarter. Goldman Sachs Group Inc. now owns 25,019 shares of the company’s stock valued at $3,117,000 after buying an additional 13,300 shares during the period.

Invesco KBW Property & Casualty Insurance ETF Stock Down 1.6%

NASDAQ KBWP opened at $117.97 on Thursday. The company has a 50-day simple moving average of $120.01 and a two-hundred day simple moving average of $122.65. Invesco KBW Property & Casualty Insurance ETF has a 12-month low of $114.62 and a 12-month high of $129.00. The firm has a market cap of $248.92 million, a price-to-earnings ratio of 13.50 and a beta of 0.43.

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 was Monday, March 23rd. This is a positive change from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.60. This represents a $3.94 annualized dividend and a yield of 3.3%.

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.