Elevate Capital Advisors LLC Has $3.51 Million Position in Invesco KBW Property & Casualty Insurance ETF $KBWP

Elevate Capital Advisors LLC lifted its stake in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 17.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,403 shares of the company’s stock after buying an additional 4,295 shares during the period. Invesco KBW Property & Casualty Insurance ETF comprises 2.4% of Elevate Capital Advisors LLC’s portfolio, making the stock its 13th biggest holding. Elevate Capital Advisors LLC owned approximately 0.81% of Invesco KBW Property & Casualty Insurance ETF worth $3,513,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KBWP. Goldman Sachs Group Inc. lifted its position in shares of Invesco KBW Property & Casualty Insurance ETF by 113.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 25,019 shares of the company’s stock worth $3,117,000 after acquiring an additional 13,300 shares during the period. Focus Financial Network Inc. raised its stake in shares of Invesco KBW Property & Casualty Insurance ETF by 6.8% in the second quarter. Focus Financial Network Inc. now owns 21,602 shares of the company’s stock valued at $2,653,000 after purchasing an additional 1,370 shares in the last quarter. Buska Wealth Management LLC lifted its position in Invesco KBW Property & Casualty Insurance ETF by 135.6% in the second quarter. Buska Wealth Management LLC now owns 35,390 shares of the company’s stock worth $4,347,000 after purchasing an additional 20,366 shares during the period. Carr Financial Group Corp increased its holdings in Invesco KBW Property & Casualty Insurance ETF by 73.7% in the 2nd quarter. Carr Financial Group Corp now owns 4,548 shares of the company’s stock valued at $559,000 after buying an additional 1,929 shares during the period. Finally, MinichMacGregor Wealth Management LLC bought a new stake in Invesco KBW Property & Casualty Insurance ETF in the 2nd quarter valued at $331,000.

Invesco KBW Property & Casualty Insurance ETF Stock Performance

Shares of KBWP stock opened at $122.61 on Thursday. The firm has a fifty day moving average of $124.64 and a 200-day moving average of $121.70. The stock has a market cap of $282.00 million, a price-to-earnings ratio of 13.50 and a beta of 0.55. Invesco KBW Property & Casualty Insurance ETF has a 52-week low of $108.64 and a 52-week high of $128.70.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.6048 per share. This is a boost from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, December 22nd. This represents a $2.42 annualized dividend and a dividend yield of 2.0%.

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.