Buska Wealth Management LLC Cuts Stock Holdings in Invesco KBW Property & Casualty Insurance ETF $KBWP

Buska Wealth Management LLC cut its stake in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 23.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,250 shares of the company’s stock after selling 8,140 shares during the period. Invesco KBW Property & Casualty Insurance ETF accounts for approximately 1.0% of Buska Wealth Management LLC’s holdings, making the stock its 20th biggest holding. Buska Wealth Management LLC owned approximately 0.79% of Invesco KBW Property & Casualty Insurance ETF worth $3,370,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. boosted its holdings in Invesco KBW Property & Casualty Insurance ETF by 113.5% in 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 last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 91.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 18,738 shares of the company’s stock worth $2,302,000 after purchasing an additional 8,955 shares during the period. IFG Advisory LLC lifted its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 19.1% in the 2nd quarter. IFG Advisory LLC now owns 9,692 shares of the company’s stock valued at $1,190,000 after purchasing an additional 1,552 shares in the last quarter. Prospera Financial Services Inc acquired a new position in shares of Invesco KBW Property & Casualty Insurance ETF in the 2nd quarter valued at about $362,000. Finally, Avantax Advisory Services Inc. grew its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 114.5% during the 2nd quarter. Avantax Advisory Services Inc. now owns 17,744 shares of the company’s stock worth $2,179,000 after purchasing an additional 9,470 shares during the period.

Invesco KBW Property & Casualty Insurance ETF Stock Performance

KBWP opened at $125.81 on Friday. Invesco KBW Property & Casualty Insurance ETF has a 1 year low of $108.64 and a 1 year high of $129.00. The firm has a 50 day moving average price of $124.37 and a 200 day moving average price of $122.63. The company has a market cap of $288.10 million, a PE 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. Stockholders of record on Monday, December 22nd were paid a $0.6048 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $2.42 dividend on an annualized basis and a dividend yield of 1.9%. 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.