First National Corp MA ADV Takes $11.33 Million Position in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

First National Corp MA ADV acquired a new position in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 98,051 shares of the company’s stock, valued at approximately $11,330,000. Invesco KBW Property & Casualty Insurance ETF makes up about 2.5% of First National Corp MA ADV’s investment portfolio, making the stock its 13th biggest position. First National Corp MA ADV owned about 2.09% of Invesco KBW Property & Casualty Insurance ETF at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in KBWP. AdvisorNet Financial Inc raised its holdings in Invesco KBW Property & Casualty Insurance ETF by 8.5% during the second quarter. AdvisorNet Financial Inc now owns 1,323 shares of the company’s stock worth $135,000 after buying an additional 104 shares during the last quarter. WBI Investments LLC bought a new position in Invesco KBW Property & Casualty Insurance ETF in the 1st quarter valued at about $225,000. Hudock Inc. acquired a new position in Invesco KBW Property & Casualty Insurance ETF during the 2nd quarter valued at about $240,000. Oppenheimer & Co. Inc. bought a new stake in Invesco KBW Property & Casualty Insurance ETF during the 1st quarter worth approximately $288,000. Finally, PFG Advisors purchased a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the first quarter worth approximately $380,000.

Invesco KBW Property & Casualty Insurance ETF Price Performance

Shares of KBWP stock traded up $1.06 during trading hours on Wednesday, reaching $114.43. The company had a trading volume of 3,581 shares, compared to its average volume of 34,867. The business has a fifty day simple moving average of $112.43 and a 200-day simple moving average of $107.32. Invesco KBW Property & Casualty Insurance ETF has a 12 month low of $84.52 and a 12 month high of $117.37. The company has a market cap of $536.68 million, a price-to-earnings ratio of 19.40 and a beta of 0.66.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.342 per share. This represents a $1.37 dividend on an annualized basis and a yield of 1.20%. This is an increase from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.31. The ex-dividend date was Monday, September 23rd.

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.