Kingsview Wealth Management LLC Has $9.69 Million Stock Position in Invesco KBW Property & Casualty Insurance ETF $KBWP

Kingsview Wealth Management LLC decreased its position in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 18.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,873 shares of the company’s stock after selling 17,830 shares during the quarter. Kingsview Wealth Management LLC owned about 2.01% of Invesco KBW Property & Casualty Insurance ETF worth $9,688,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Simplex Trading LLC boosted its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 303.2% in the first quarter. Simplex Trading LLC now owns 1,000 shares of the company’s stock valued at $124,000 after buying an additional 752 shares during the period. Atria Wealth Solutions Inc. grew its stake 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 in the last quarter. Western Financial Corp CA bought a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the 2nd quarter valued at about $290,000. MinichMacGregor Wealth Management LLC acquired a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the second quarter valued at approximately $331,000. Finally, Prospera Financial Services Inc acquired a new position in shares of Invesco KBW Property & Casualty Insurance ETF in the second quarter valued at $362,000.

Invesco KBW Property & Casualty Insurance ETF Stock Performance

Shares of KBWP stock opened at $123.73 on Friday. The company has a market capitalization 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 52 week low of $108.64 and a 52 week high of $127.17. The company has a 50-day simple moving average of $120.82 and a 200 day simple moving average 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. Shareholders of record on Monday, September 22nd were paid a $0.3735 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.49 annualized dividend and a 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.