Raymond James Financial Inc. Cuts Stock Holdings in Invesco KBW Property & Casualty Insurance ETF $KBWP

Raymond James Financial Inc. cut its position in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 70.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,778 shares of the company’s stock after selling 87,037 shares during the quarter. Raymond James Financial Inc. owned approximately 0.97% of Invesco KBW Property & Casualty Insurance ETF worth $4,458,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KBWP. Rossby Financial LCC purchased a new position in shares of Invesco KBW Property & Casualty Insurance ETF in the 1st quarter worth approximately $71,000. Simplex Trading LLC boosted its stake in Invesco KBW Property & Casualty Insurance ETF by 303.2% in the first quarter. Simplex Trading LLC now owns 1,000 shares of the company’s stock valued at $124,000 after acquiring an additional 752 shares during the last quarter. Atria Wealth Solutions Inc. boosted its stake in Invesco KBW Property & Casualty Insurance ETF by 17.7% in the first quarter. Atria Wealth Solutions Inc. now owns 2,033 shares of the company’s stock valued at $253,000 after acquiring an additional 306 shares during the last quarter. WBI Investments LLC boosted its stake in Invesco KBW Property & Casualty Insurance ETF by 7.5% in the fourth quarter. WBI Investments LLC now owns 2,673 shares of the company’s stock valued at $310,000 after acquiring an additional 187 shares during the last quarter. Finally, Carr Financial Group Corp boosted its stake in Invesco KBW Property & Casualty Insurance ETF by 17.8% in the first quarter. Carr Financial Group Corp now owns 2,619 shares of the company’s stock valued at $326,000 after acquiring an additional 396 shares during the last quarter.

Invesco KBW Property & Casualty Insurance ETF Stock Down 1.7%

KBWP opened at $121.39 on Friday. Invesco KBW Property & Casualty Insurance ETF has a twelve month low of $108.64 and a twelve month high of $127.17. The company’s 50-day moving average price is $119.68 and its two-hundred day moving average price is $120.18. The stock has a market cap of $475.86 million, a price-to-earnings ratio of 13.50 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, June 27th. Investors of record on Monday, June 23rd were paid a $0.3764 dividend. The ex-dividend date was Monday, June 23rd. This is a positive change from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.34. This represents a $1.51 annualized dividend and a yield of 1.2%.

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.