Royal Bank of Canada Sells 14,321 Shares of Invesco KBW Property & Casualty Insurance ETF $KBWP

Royal Bank of Canada lowered its position in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 51.0% in the first quarter, Holdings Channel reports. The institutional investor owned 13,771 shares of the company’s stock after selling 14,321 shares during the period. Royal Bank of Canada’s holdings in Invesco KBW Property & Casualty Insurance ETF were worth $1,638,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. boosted its position 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 valued at $12,305,000 after acquiring an additional 64,399 shares during the period. Redstone Wealth Management LLC raised its stake in Invesco KBW Property & Casualty Insurance ETF by 0.6% in the 1st quarter. Redstone Wealth Management LLC now owns 91,046 shares of the company’s stock worth $10,833,000 after purchasing an additional 578 shares in the last quarter. Mutual Advisors LLC raised its stake in Invesco KBW Property & Casualty Insurance ETF by 4.7% in the 4th quarter. Mutual Advisors LLC now owns 89,150 shares of the company’s stock worth $11,348,000 after purchasing an additional 3,989 shares in the last quarter. Cetera Investment Advisers raised its stake in Invesco KBW Property & Casualty Insurance ETF by 15.6% in the 1st quarter. Cetera Investment Advisers now owns 62,098 shares of the company’s stock worth $7,389,000 after purchasing an additional 8,381 shares in the last quarter. Finally, Bank of America Corp DE boosted 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 purchasing an additional 13,225 shares during the period.

Invesco KBW Property & Casualty Insurance ETF Stock Up 0.7%

Shares of NASDAQ:KBWP opened at $132.58 on Wednesday. The company’s 50 day moving average price is $130.52 and its two-hundred day moving average price is $124.41. Invesco KBW Property & Casualty Insurance ETF has a 12-month low of $114.62 and a 12-month high of $140.37. The firm has a market cap of $267.81 million, a PE ratio of 13.50 and a beta of 0.39.

Invesco KBW Property & Casualty Insurance ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.4994 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, June 22nd.

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.