IFG Advisory LLC Lowers Position in Invesco KBW Property & Casualty Insurance ETF $KBWP

IFG Advisory LLC cut its holdings in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 60.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,621 shares of the company’s stock after selling 5,450 shares during the quarter. IFG Advisory LLC owned approximately 0.16% of Invesco KBW Property & Casualty Insurance ETF worth $461,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. WFA of San Diego LLC purchased a new stake in Invesco KBW Property & Casualty Insurance ETF during the second quarter worth $32,000. Flagship Harbor Advisors LLC purchased a new stake in Invesco KBW Property & Casualty Insurance ETF during the fourth quarter worth $60,000. MML Investors Services LLC lifted its holdings in Invesco KBW Property & Casualty Insurance ETF by 5.1% during the second quarter. MML Investors Services LLC now owns 10,703 shares of the company’s stock worth $1,315,000 after buying an additional 521 shares during the period. WBI Investments LLC lifted its holdings in Invesco KBW Property & Casualty Insurance ETF by 24.2% during the third quarter. WBI Investments LLC now owns 2,888 shares of the company’s stock worth $357,000 after buying an additional 563 shares during the period. Finally, GGM Financials LLC lifted its holdings in Invesco KBW Property & Casualty Insurance ETF by 80.9% during the fourth quarter. GGM Financials LLC now owns 1,328 shares of the company’s stock worth $169,000 after buying an additional 594 shares during the period.

Invesco KBW Property & Casualty Insurance ETF Stock Performance

KBWP stock opened at $115.32 on Monday. The firm has a market cap of $243.33 million, a price-to-earnings ratio of 13.50 and a beta of 0.43. The firm has a 50-day simple moving average of $119.81 and a two-hundred day simple moving average of $122.57. Invesco KBW Property & Casualty Insurance ETF has a one year low of $114.62 and a one year high of $129.00.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.9853 per share. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.60. This represents a $3.94 annualized dividend and a dividend yield of 3.4%.

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.