Freedom Investment Management Inc. Purchases Shares of 23,665 Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

Freedom Investment Management Inc. purchased a new position in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 23,665 shares of the company’s stock, valued at approximately $2,735,000. Freedom Investment Management Inc. owned 0.63% of Invesco KBW Property & Casualty Insurance ETF at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. AdvisorNet Financial Inc boosted its stake in Invesco KBW Property & Casualty Insurance ETF by 8.5% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,323 shares of the company’s stock worth $135,000 after purchasing an additional 104 shares during the last quarter. WBI Investments LLC increased its holdings in shares of Invesco KBW Property & Casualty Insurance ETF by 6.7% during the 2nd quarter. WBI Investments LLC now owns 2,231 shares of the company’s stock worth $229,000 after buying an additional 140 shares during the last quarter. FMR LLC raised its position in shares of Invesco KBW Property & Casualty Insurance ETF by 196.3% during the 3rd quarter. FMR LLC now owns 791 shares of the company’s stock valued at $91,000 after buying an additional 524 shares during the period. Focus Financial Network Inc. grew its position in Invesco KBW Property & Casualty Insurance ETF by 3.1% in the second quarter. Focus Financial Network Inc. now owns 19,103 shares of the company’s stock worth $2,071,000 after acquiring an additional 566 shares during the period. Finally, Kingsview Wealth Management LLC raised its position in Invesco KBW Property & Casualty Insurance ETF by 1.2% in the third quarter. Kingsview Wealth Management LLC now owns 58,537 shares of the company’s stock valued at $6,764,000 after purchasing an additional 709 shares during the period.

Invesco KBW Property & Casualty Insurance ETF Trading Up 0.7 %

Shares of NASDAQ:KBWP opened at $125.66 on Wednesday. The company has a market capitalization of $471.23 million, a price-to-earnings ratio of 19.40 and a beta of 0.66. Invesco KBW Property & Casualty Insurance ETF has a 12-month low of $88.03 and a 12-month high of $125.75. The business has a 50-day moving average price of $117.66 and a 200 day moving average price of $110.79.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.342 dividend. This is a positive change from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.31. This represents a $1.37 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Monday, September 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.