Harel Insurance Investments & Financial Services Ltd. Has $7.96 Million Holdings in Invesco KBW Property & Casualty Insurance ETF $KBWP

Harel Insurance Investments & Financial Services Ltd. reduced its position in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 94.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 62,500 shares of the company’s stock after selling 1,055,000 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Invesco KBW Property & Casualty Insurance ETF were worth $7,956,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. WFA of San Diego LLC acquired a new stake in Invesco KBW Property & Casualty Insurance ETF in the 2nd quarter valued at approximately $32,000. Flagship Harbor Advisors LLC bought a new position in shares of Invesco KBW Property & Casualty Insurance ETF during the 4th quarter worth approximately $60,000. MML Investors Services LLC lifted its position in shares of Invesco KBW Property & Casualty Insurance ETF by 5.1% during the 2nd quarter. MML Investors Services LLC now owns 10,703 shares of the company’s stock worth $1,315,000 after buying an additional 521 shares during the period. WBI Investments LLC lifted its position in shares of Invesco KBW Property & Casualty Insurance ETF by 24.2% during the 3rd quarter. WBI Investments LLC now owns 2,888 shares of the company’s stock worth $357,000 after buying an additional 563 shares during the period. Finally, GGM Financials LLC bought a new position in Invesco KBW Property & Casualty Insurance ETF in the 3rd quarter valued at $91,000.

Invesco KBW Property & Casualty Insurance ETF Stock Performance

Shares of KBWP opened at $118.70 on Wednesday. The stock has a fifty day moving average price of $121.52 and a two-hundred day moving average price of $122.46. Invesco KBW Property & Casualty Insurance ETF has a 52-week low of $114.62 and a 52-week high of $129.00. The company has a market cap of $250.46 million, a price-to-earnings ratio of 13.50 and a beta of 0.43.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders 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 an increase from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.60. This represents a $3.94 dividend on an annualized basis and a dividend yield of 3.3%.

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.