Kingsview Wealth Management LLC Has $16.52 Million Holdings in Invesco KBW Property & Casualty Insurance ETF $KBWP

Kingsview Wealth Management LLC increased its position in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 69.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,586 shares of the company’s stock after acquiring an additional 54,713 shares during the quarter. Kingsview Wealth Management LLC owned about 3.88% of Invesco KBW Property & Casualty Insurance ETF worth $16,522,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of KBWP. Raymond James Financial Inc. increased its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 180.0% in the second quarter. Raymond James Financial Inc. now owns 100,177 shares of the company’s stock worth $12,305,000 after purchasing an additional 64,399 shares during the period. Mutual Advisors LLC boosted its stake in Invesco KBW Property & Casualty Insurance ETF by 8.1% during the 3rd quarter. Mutual Advisors LLC now owns 85,161 shares of the company’s stock valued at $10,091,000 after purchasing an additional 6,404 shares during the period. Bank of America Corp DE grew its holdings in Invesco KBW Property & Casualty Insurance ETF by 38.3% in the 2nd 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 during the last quarter. Elevate Capital Advisors LLC increased its position in Invesco KBW Property & Casualty Insurance ETF by 17.8% in the 3rd quarter. Elevate Capital Advisors LLC now owns 28,403 shares of the company’s stock worth $3,513,000 after buying an additional 4,295 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 113.5% during the first quarter. Goldman Sachs Group Inc. now owns 25,019 shares of the company’s stock worth $3,117,000 after buying an additional 13,300 shares during the last quarter.

Invesco KBW Property & Casualty Insurance ETF Price Performance

NASDAQ:KBWP opened at $126.44 on Monday. Invesco KBW Property & Casualty Insurance ETF has a one year low of $108.64 and a one year high of $129.00. The company has a fifty day moving average price of $124.35 and a 200 day moving average price of $122.72. The stock has a market cap of $289.55 million, a P/E ratio of 13.50 and a beta of 0.55.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $0.6048 dividend. The ex-dividend date was Monday, December 22nd. This represents a $2.42 annualized dividend and a dividend yield of 1.9%. This is an increase from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.37.

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.