Royal Bank of Canada Sells 14,321 Shares of Invesco KBW Property & Casualty Insurance ETF $KBWP

Royal Bank of Canada cut its holdings in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 51.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,771 shares of the company’s stock after selling 14,321 shares during the quarter. Royal Bank of Canada owned about 0.65% of Invesco KBW Property & Casualty Insurance ETF worth $1,638,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Redstone Wealth Management LLC acquired a new stake in Invesco KBW Property & Casualty Insurance ETF during the 4th quarter valued at $11,516,000. Raymond James Financial Inc. raised its position in shares of Invesco KBW Property & Casualty Insurance ETF by 180.0% in the second quarter. Raymond James Financial Inc. now owns 100,177 shares of the company’s stock valued at $12,305,000 after purchasing an additional 64,399 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Invesco KBW Property & Casualty Insurance ETF by 179.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 44,620 shares of the company’s stock valued at $5,680,000 after purchasing an additional 28,627 shares during the period. Virtue Capital Management LLC lifted its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 1,299.4% during the 4th quarter. Virtue Capital Management LLC now owns 29,290 shares of the company’s stock worth $3,729,000 after buying an additional 27,197 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of Invesco KBW Property & Casualty Insurance ETF during the 3rd quarter worth about $3,248,000.

Invesco KBW Property & Casualty Insurance ETF Stock Performance

Shares of KBWP stock opened at $132.58 on Wednesday. The company has a market capitalization of $267.81 million, a price-to-earnings ratio of 13.50 and a beta of 0.39. The company has a 50-day simple moving average of $130.52 and a 200 day simple moving average of $124.41. Invesco KBW Property & Casualty Insurance ETF has a 52 week low of $114.62 and a 52 week high of $140.37.

Invesco KBW Property & Casualty Insurance ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.4994 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, June 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.