Elevate Capital Advisors LLC Purchases 4,295 Shares of Invesco KBW Property & Casualty Insurance ETF $KBWP

Elevate Capital Advisors LLC lifted its holdings in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 17.8% during the 3rd quarter, Holdings Channel reports. The fund owned 28,403 shares of the company’s stock after acquiring an additional 4,295 shares during the quarter. Invesco KBW Property & Casualty Insurance ETF makes up approximately 2.4% of Elevate Capital Advisors LLC’s portfolio, making the stock its 13th biggest position. Elevate Capital Advisors LLC’s holdings in Invesco KBW Property & Casualty Insurance ETF were worth $3,513,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Raymond James Financial Inc. increased its position in Invesco KBW Property & Casualty Insurance ETF by 180.0% in the 2nd 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 in the last quarter. Buska Wealth Management LLC raised its position in shares of Invesco KBW Property & Casualty Insurance ETF by 135.6% during the second quarter. Buska Wealth Management LLC now owns 35,390 shares of the company’s stock worth $4,347,000 after acquiring an additional 20,366 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake 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 valued at $3,117,000 after acquiring an additional 13,300 shares during the period. Bank of America Corp DE boosted its holdings in Invesco KBW Property & Casualty Insurance ETF by 38.3% in the second quarter. Bank of America Corp DE now owns 47,793 shares of the company’s stock valued at $5,870,000 after acquiring an additional 13,225 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in Invesco KBW Property & Casualty Insurance ETF by 114.5% in the second quarter. Avantax Advisory Services Inc. now owns 17,744 shares of the company’s stock valued at $2,179,000 after acquiring an additional 9,470 shares during the last quarter.

Invesco KBW Property & Casualty Insurance ETF Stock Up 0.6%

Shares of KBWP stock opened at $122.61 on Thursday. Invesco KBW Property & Casualty Insurance ETF has a 12 month low of $108.64 and a 12 month high of $128.70. The stock has a 50-day moving average price of $124.64 and a 200 day moving average price of $121.70. The firm has a market cap of $282.00 million, a price-to-earnings ratio of 13.50 and a beta of 0.55.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.6048 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $2.42 dividend on an annualized basis and a yield of 2.0%. This is a boost from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.37.

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.