RM Financial Services LLC Invests $2.99 Million in Invesco KBW Property & Casualty Insurance ETF $KBWP

RM Financial Services LLC bought a new position in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 23,495 shares of the company’s stock, valued at approximately $2,991,000. Invesco KBW Property & Casualty Insurance ETF accounts for about 2.7% of RM Financial Services LLC’s holdings, making the stock its 11th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. WFA of San Diego LLC acquired a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the second quarter worth $32,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the fourth quarter worth $60,000. GGM Financials LLC acquired a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the third quarter worth $91,000. Sound Income Strategies LLC boosted its position in shares of Invesco KBW Property & Casualty Insurance ETF by 32,625.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,309 shares of the company’s stock worth $159,000 after buying an additional 1,305 shares during the period. Finally, NewEdge Advisors LLC acquired a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the third quarter worth $187,000.

Invesco KBW Property & Casualty Insurance ETF Stock Up 1.8%

Shares of Invesco KBW Property & Casualty Insurance ETF stock opened at $121.58 on Thursday. The stock has a market cap of $256.53 million, a PE ratio of 13.50 and a beta of 0.41. The business has a fifty day simple moving average of $119.70 and a 200-day simple moving average of $122.30. Invesco KBW Property & Casualty Insurance ETF has a 12 month low of $114.62 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 positive change from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.60. This represents a $3.94 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Monday, March 23rd.

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.