Private Advisor Group LLC Has $471,000 Stock Holdings in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

Private Advisor Group LLC trimmed its position in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 44.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,062 shares of the company’s stock after selling 3,284 shares during the quarter. Private Advisor Group LLC owned approximately 0.11% of Invesco KBW Property & Casualty Insurance ETF worth $471,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. HighTower Advisors LLC bought a new position in shares of Invesco KBW Property & Casualty Insurance ETF during the third quarter worth about $22,390,000. Kingsview Wealth Management LLC raised its position in shares of Invesco KBW Property & Casualty Insurance ETF by 65.8% during the fourth quarter. Kingsview Wealth Management LLC now owns 97,074 shares of the company’s stock worth $11,266,000 after acquiring an additional 38,537 shares during the last quarter. Raymond James & Associates bought a new position in shares of Invesco KBW Property & Casualty Insurance ETF during the third quarter worth about $3,071,000. Truist Financial Corp raised its position in shares of Invesco KBW Property & Casualty Insurance ETF by 0.6% during the fourth quarter. Truist Financial Corp now owns 25,361 shares of the company’s stock worth $2,943,000 after acquiring an additional 151 shares during the last quarter. Finally, Freedom Investment Management Inc. bought a new stake in Invesco KBW Property & Casualty Insurance ETF in the third quarter worth approximately $2,735,000.

Invesco KBW Property & Casualty Insurance ETF Stock Performance

Shares of KBWP stock opened at $121.11 on Tuesday. The company has a market cap of $452.95 million, a P/E ratio of 10.82 and a beta of 0.66. The stock has a 50 day simple moving average of $114.82 and a two-hundred day simple moving average of $116.41. Invesco KBW Property & Casualty Insurance ETF has a fifty-two week low of $100.25 and a fifty-two week high of $127.17.

Invesco KBW Property & Casualty Insurance ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.7787 dividend. The ex-dividend date was Monday, December 23rd.

About Invesco KBW Property & Casualty Insurance ETF

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.