Stegent Equity Advisors Inc. Has $2.09 Million Stock Position in Invesco KBW Property & Casualty Insurance ETF $KBWP

Stegent Equity Advisors Inc. lowered its stake in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 33.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,862 shares of the company’s stock after selling 8,546 shares during the quarter. Invesco KBW Property & Casualty Insurance ETF comprises approximately 1.7% of Stegent Equity Advisors Inc.’s holdings, making the stock its 19th largest holding. Stegent Equity Advisors Inc. owned 0.48% of Invesco KBW Property & Casualty Insurance ETF worth $2,085,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of KBWP. WFA of San Diego LLC acquired a new stake in Invesco KBW Property & Casualty Insurance ETF during the second quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. raised its stake in Invesco KBW Property & Casualty Insurance ETF by 2,710.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,602 shares of the company’s stock worth $197,000 after acquiring an additional 1,545 shares in the last quarter. Western Financial Corp CA bought a new position in shares of Invesco KBW Property & Casualty Insurance ETF during the second quarter valued at $290,000. MinichMacGregor Wealth Management LLC acquired a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the 2nd quarter valued at $331,000. Finally, Prospera Financial Services Inc bought a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the 2nd quarter worth about $362,000.

Invesco KBW Property & Casualty Insurance ETF Stock Down 0.4%

Shares of KBWP stock opened at $121.78 on Friday. The company has a market capitalization of $280.09 million, a P/E 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 $128.70. The firm has a 50-day moving average price of $124.73 and a 200 day moving average price of $121.69.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $0.6048 dividend. This is a boost from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $2.42 annualized dividend and a dividend yield of 2.0%.

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.