Bank of America Corp DE Boosts Stock Holdings in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

Bank of America Corp DE grew its position in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 16.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,913 shares of the company’s stock after buying an additional 8,952 shares during the quarter. Bank of America Corp DE owned 1.74% of Invesco KBW Property & Casualty Insurance ETF worth $7,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. New Wave Wealth Advisors LLC purchased a new stake in Invesco KBW Property & Casualty Insurance ETF in the 4th quarter worth $63,000. Two Sigma Securities LLC bought a new stake in Invesco KBW Property & Casualty Insurance ETF during the 4th quarter valued at about $245,000. OLD Mission Capital LLC bought a new stake in Invesco KBW Property & Casualty Insurance ETF during the 4th quarter valued at $286,000. Legacy Capital Group California Inc. purchased a new position in Invesco KBW Property & Casualty Insurance ETF during the 4th quarter valued at about $334,000. Finally, Adapt Wealth Advisors LLC purchased a new position in shares of Invesco KBW Property & Casualty Insurance ETF in the 4th quarter valued at $344,000.

Invesco KBW Property & Casualty Insurance ETF Stock Up 0.2%

Shares of Invesco KBW Property & Casualty Insurance ETF stock opened at $121.74 on Monday. The company has a market cap of $448.00 million, a P/E ratio of 12.62 and a beta of 0.66. Invesco KBW Property & Casualty Insurance ETF has a 52-week low of $100.43 and a 52-week high of $127.17. The firm’s 50 day moving average price is $120.24 and its 200-day moving average price is $118.54.

Invesco KBW Property & Casualty Insurance ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a $0.6509 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.