Kingsview Wealth Management LLC Raises Position in Invesco KBW Property & Casualty Insurance ETF $KBWP

Kingsview Wealth Management LLC boosted its stake in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 69.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,586 shares of the company’s stock after acquiring an additional 54,713 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Invesco KBW Property & Casualty Insurance ETF were worth $16,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in KBWP. Raymond James Financial Inc. grew its stake 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 worth $12,305,000 after purchasing an additional 64,399 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Invesco KBW Property & Casualty Insurance ETF by 113.5% in the first quarter. Goldman Sachs Group Inc. now owns 25,019 shares of the company’s stock worth $3,117,000 after purchasing an additional 13,300 shares during the period. Bank of America Corp DE raised its holdings in Invesco KBW Property & Casualty Insurance ETF by 38.3% in the second quarter. Bank of America Corp DE now owns 47,793 shares of the company’s stock worth $5,870,000 after purchasing an additional 13,225 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in Invesco KBW Property & Casualty Insurance ETF by 114.5% during the second quarter. Avantax Advisory Services Inc. now owns 17,744 shares of the company’s stock valued at $2,179,000 after buying an additional 9,470 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Invesco KBW Property & Casualty Insurance ETF by 91.5% during the second quarter. Envestnet Asset Management Inc. now owns 18,738 shares of the company’s stock valued at $2,302,000 after buying an additional 8,955 shares during the period.

Invesco KBW Property & Casualty Insurance ETF Trading Up 0.5%

Shares of KBWP stock opened at $126.44 on Monday. The company’s fifty day moving average price is $124.35 and its 200-day moving average price is $122.72. The stock has a market cap of $289.55 million, a PE ratio of 13.50 and a beta of 0.55. Invesco KBW Property & Casualty Insurance ETF has a 12 month low of $108.64 and a 12 month high of $129.00.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a $0.6048 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $2.42 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.37.

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.