HighTower Advisors LLC Boosts Stake in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

HighTower Advisors LLC raised its position in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 196,351 shares of the company’s stock after purchasing an additional 2,560 shares during the period. HighTower Advisors LLC owned approximately 0.05% of Invesco KBW Property & Casualty Insurance ETF worth $22,788,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KBWP. Prospera Financial Services Inc purchased a new stake in Invesco KBW Property & Casualty Insurance ETF in the 3rd quarter worth about $219,000. Kingsview Wealth Management LLC raised its position in Invesco KBW Property & Casualty Insurance ETF by 1.2% in the 3rd quarter. Kingsview Wealth Management LLC now owns 58,537 shares of the company’s stock worth $6,764,000 after purchasing an additional 709 shares during the period. FMR LLC raised its position in Invesco KBW Property & Casualty Insurance ETF by 196.3% in the 3rd quarter. FMR LLC now owns 791 shares of the company’s stock worth $91,000 after purchasing an additional 524 shares during the period. Freedom Investment Management Inc. purchased a new stake in Invesco KBW Property & Casualty Insurance ETF in the 3rd quarter worth about $2,735,000. Finally, Jane Street Group LLC increased its position in shares of Invesco KBW Property & Casualty Insurance ETF by 11.9% during the third quarter. Jane Street Group LLC now owns 3,923 shares of the company’s stock worth $453,000 after acquiring an additional 418 shares during the period.

Invesco KBW Property & Casualty Insurance ETF Stock Performance

Shares of NASDAQ:KBWP opened at $121.17 on Friday. The firm has a market cap of $453.18 million, a PE ratio of 12.39 and a beta of 0.66. The firm’s 50 day simple moving average is $115.32 and its 200-day simple moving average is $116.82. Invesco KBW Property & Casualty Insurance ETF has a one year low of $100.25 and a one year high of $127.17.

Invesco KBW Property & Casualty Insurance ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a dividend of $0.7787 per share. The ex-dividend date of this dividend was Monday, December 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.