DAVENPORT & Co LLC boosted its stake in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP – Free Report) by 13.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,174 shares of the company’s stock after purchasing an additional 1,752 shares during the quarter. DAVENPORT & Co LLC’s holdings in Invesco KBW Property & Casualty Insurance ETF were worth $1,373,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in Invesco KBW Property & Casualty Insurance ETF during the 1st quarter worth about $28,000. Royal Bank of Canada raised its holdings in Invesco KBW Property & Casualty Insurance ETF by 546.8% during the 1st quarter. Royal Bank of Canada now owns 1,300 shares of the company’s stock worth $113,000 after buying an additional 1,099 shares during the period. Tower Research Capital LLC TRC acquired a new stake in Invesco KBW Property & Casualty Insurance ETF during the 3rd quarter worth about $122,000. Hudock Inc. acquired a new stake in Invesco KBW Property & Casualty Insurance ETF during the 4th quarter worth about $209,000. Finally, Cetera Investment Advisers acquired a new stake in Invesco KBW Property & Casualty Insurance ETF during the 1st quarter worth about $209,000.
Invesco KBW Property & Casualty Insurance ETF Trading Up 0.7 %
NASDAQ KBWP opened at $106.04 on Friday. The stock’s 50-day moving average price is $102.40 and its two-hundred day moving average price is $93.96. The company has a market cap of $319.18 million, a PE ratio of 15.20 and a beta of 0.66. Invesco KBW Property & Casualty Insurance ETF has a 1 year low of $78.65 and a 1 year high of $107.98.
Invesco KBW Property & Casualty Insurance ETF Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were issued a $0.4781 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 1.80%.
Invesco KBW Property & Casualty Insurance ETF 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.
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