Elevate Capital Advisors LLC Grows Stake in Invesco KBW Property & Casualty Insurance ETF $KBWP

Elevate Capital Advisors LLC boosted its position in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 68.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,108 shares of the company’s stock after acquiring an additional 9,756 shares during the period. Invesco KBW Property & Casualty Insurance ETF accounts for 2.4% of Elevate Capital Advisors LLC’s holdings, making the stock its 10th biggest position. Elevate Capital Advisors LLC owned 0.61% of Invesco KBW Property & Casualty Insurance ETF worth $2,961,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rossby Financial LCC acquired a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the first quarter valued at about $71,000. Simplex Trading LLC grew its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 303.2% during the first quarter. Simplex Trading LLC now owns 1,000 shares of the company’s stock worth $124,000 after buying an additional 752 shares in the last quarter. Atria Wealth Solutions Inc. grew its holdings in Invesco KBW Property & Casualty Insurance ETF by 17.7% in the first quarter. Atria Wealth Solutions Inc. now owns 2,033 shares of the company’s stock valued at $253,000 after purchasing an additional 306 shares during the period. Western Financial Corp CA acquired a new position in Invesco KBW Property & Casualty Insurance ETF during the second quarter valued at approximately $290,000. Finally, Carr Financial Group Corp lifted its position in shares of Invesco KBW Property & Casualty Insurance ETF by 17.8% during the first quarter. Carr Financial Group Corp now owns 2,619 shares of the company’s stock worth $326,000 after purchasing an additional 396 shares in the last quarter.

Invesco KBW Property & Casualty Insurance ETF Price Performance

KBWP stock opened at $124.82 on Friday. The firm has a fifty day moving average price of $120.69 and a two-hundred day moving average price of $120.69. The firm has a market cap of $446.86 million, a price-to-earnings ratio of 13.50 and a beta of 0.66. Invesco KBW Property & Casualty Insurance ETF has a 1-year low of $108.64 and a 1-year high of $127.17.

Invesco KBW Property & Casualty Insurance ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were issued a $0.3735 dividend. The ex-dividend date was Monday, September 22nd. This represents a $1.49 dividend on an annualized basis and a dividend yield of 1.2%.

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.