Invesco KBW Property & Casualty Insurance ETF $KBWP Shares Sold by Stegent Equity Advisors Inc.

Stegent Equity Advisors Inc. cut its stake in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 70.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,046 shares of the company’s stock after selling 11,816 shares during the quarter. Stegent Equity Advisors Inc. owned about 0.22% of Invesco KBW Property & Casualty Insurance ETF worth $642,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Kingsview Wealth Management LLC lifted its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 69.4% in the third quarter. Kingsview Wealth Management LLC now owns 133,586 shares of the company’s stock valued at $16,522,000 after purchasing an additional 54,713 shares during the period. Raymond James Financial Inc. grew its position in Invesco KBW Property & Casualty Insurance ETF by 180.0% during the second quarter. Raymond James Financial Inc. now owns 100,177 shares of the company’s stock worth $12,305,000 after buying an additional 64,399 shares during the period. Mutual Advisors LLC increased its holdings in Invesco KBW Property & Casualty Insurance ETF by 8.1% in the third quarter. Mutual Advisors LLC now owns 85,161 shares of the company’s stock valued at $10,091,000 after buying an additional 6,404 shares in the last quarter. Bank of America Corp DE increased 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 valued at $5,870,000 after buying an additional 13,225 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Invesco KBW Property & Casualty Insurance ETF by 54.2% during the 3rd quarter. Two Sigma Investments LP now owns 40,700 shares of the company’s stock valued at $5,034,000 after acquiring an additional 14,300 shares during the period.

Invesco KBW Property & Casualty Insurance ETF Price Performance

Shares of NASDAQ:KBWP opened at $116.36 on Monday. The business’s 50 day simple moving average is $122.62 and its 200-day simple moving average is $122.75. The firm has a market capitalization of $266.46 million, a price-to-earnings 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a dividend of $0.9853 per share. This is a boost from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.60. This represents a $3.94 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, March 23rd.

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.