Prospera Financial Services Inc Invests $362,000 in Invesco KBW Property & Casualty Insurance ETF $KBWP

Prospera Financial Services Inc purchased a new stake in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,945 shares of the company’s stock, valued at approximately $362,000. Prospera Financial Services Inc owned about 0.08% of Invesco KBW Property & Casualty Insurance ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Atria Wealth Solutions Inc. lifted its holdings in Invesco KBW Property & Casualty Insurance ETF by 17.7% during the 1st quarter. Atria Wealth Solutions Inc. now owns 2,033 shares of the company’s stock worth $253,000 after buying an additional 306 shares in the last quarter. Stegent Equity Advisors Inc. raised its position in shares of Invesco KBW Property & Casualty Insurance ETF by 2.2% during the second quarter. Stegent Equity Advisors Inc. now owns 25,408 shares of the company’s stock worth $3,121,000 after acquiring an additional 538 shares during the last quarter. Simplex Trading LLC raised its position 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 acquiring an additional 752 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 13.0% during the first quarter. Envestnet Asset Management Inc. now owns 9,783 shares of the company’s stock valued at $1,219,000 after acquiring an additional 1,123 shares during the period. Finally, Focus Financial Network Inc. boosted its holdings in Invesco KBW Property & Casualty Insurance ETF by 6.8% in the second quarter. Focus Financial Network Inc. now owns 21,602 shares of the company’s stock valued at $2,653,000 after acquiring an additional 1,370 shares during the last quarter.

Invesco KBW Property & Casualty Insurance ETF Stock Up 0.1%

Shares of KBWP stock opened at $123.73 on Friday. The firm has a market cap of $425.63 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 $127.17. The stock has a 50-day moving average price of $120.82 and a 200 day moving average price of $120.95.

Invesco KBW Property & Casualty Insurance ETF Cuts Dividend

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

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.