Niemann Capital Management Inc. Lowers Stake in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

Niemann Capital Management Inc. lessened its holdings in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 140,342 shares of the company’s stock after selling 2,533 shares during the period. Invesco KBW Property & Casualty Insurance ETF comprises approximately 7.5% of Niemann Capital Management Inc.’s holdings, making the stock its 6th biggest position. Niemann Capital Management Inc. owned approximately 8.26% of Invesco KBW Property & Casualty Insurance ETF worth $10,377,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of KBWP. LPL Financial LLC raised its stake in Invesco KBW Property & Casualty Insurance ETF by 0.8% during the 2nd quarter. LPL Financial LLC now owns 41,400 shares of the company’s stock worth $2,890,000 after acquiring an additional 341 shares during the period. AdvisorNet Financial Inc bought a new stake in Invesco KBW Property & Casualty Insurance ETF during the 3rd quarter worth approximately $52,000. Financial Gravity Wealth Inc. raised its stake in Invesco KBW Property & Casualty Insurance ETF by 36.7% during the 3rd quarter. Financial Gravity Wealth Inc. now owns 2,810 shares of the company’s stock worth $208,000 after acquiring an additional 754 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in Invesco KBW Property & Casualty Insurance ETF by 29.6% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,298 shares of the company’s stock worth $301,000 after acquiring an additional 982 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in Invesco KBW Property & Casualty Insurance ETF by 17.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 12,356 shares of the company’s stock worth $862,000 after acquiring an additional 1,801 shares during the period.

NASDAQ KBWP traded up $0.30 on Friday, reaching $70.85. 4,453 shares of the stock were exchanged, compared to its average volume of 10,379. Invesco KBW Property & Casualty Insurance ETF has a one year low of $52.89 and a one year high of $74.19. The company’s 50-day simple moving average is $71.66 and its two-hundred day simple moving average is $70.40.

Further Reading: What is Considered a Good Return on Equity (ROE)?

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Institutional Ownership by Quarter for Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

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