Stegent Equity Advisors Inc. Sells 977 Shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

Stegent Equity Advisors Inc. cut its position in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 6.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,342 shares of the company’s stock after selling 977 shares during the quarter. Invesco KBW Property & Casualty Insurance ETF accounts for about 1.8% of Stegent Equity Advisors Inc.’s portfolio, making the stock its 18th biggest holding. Stegent Equity Advisors Inc. owned about 0.35% of Invesco KBW Property & Casualty Insurance ETF worth $1,657,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 160.5% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,055,000 shares of the company’s stock worth $113,676,000 after acquiring an additional 650,000 shares in the last quarter. First National Corp MA ADV acquired a new position in Invesco KBW Property & Casualty Insurance ETF during the third quarter worth $11,330,000. Fortis Group Advisors LLC acquired a new stake in Invesco KBW Property & Casualty Insurance ETF in the 1st quarter valued at $8,276,000. Kingsview Wealth Management LLC increased its stake in Invesco KBW Property & Casualty Insurance ETF by 412.3% in the 1st quarter. Kingsview Wealth Management LLC now owns 61,495 shares of the company’s stock valued at $6,626,000 after buying an additional 49,492 shares during the last quarter. Finally, Raymond James & Associates bought a new stake in Invesco KBW Property & Casualty Insurance ETF during the 3rd quarter worth about $3,071,000.

Invesco KBW Property & Casualty Insurance ETF Trading Down 0.1 %

Shares of Invesco KBW Property & Casualty Insurance ETF stock traded down $0.18 during trading hours on Friday, reaching $120.15. 21,366 shares of the company’s stock were exchanged, compared to its average volume of 36,660. The company has a 50 day moving average of $114.17 and a two-hundred day moving average of $107.90. The stock has a market cap of $491.41 million, a P/E ratio of 19.40 and a beta of 0.66. Invesco KBW Property & Casualty Insurance ETF has a fifty-two week low of $84.71 and a fifty-two week high of $120.45.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.342 per share. The ex-dividend date of this dividend was Monday, September 23rd. This is a boost from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.31. This represents a $1.37 annualized dividend and a yield of 1.14%.

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.