HighTower Advisors LLC Buys 2,560 Shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

HighTower Advisors LLC lifted its stake in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,351 shares of the company’s stock after purchasing an additional 2,560 shares during the quarter. HighTower Advisors LLC owned about 5.25% of Invesco KBW Property & Casualty Insurance ETF worth $22,788,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Truist Financial Corp boosted its position in shares of Invesco KBW Property & Casualty Insurance ETF by 0.6% in the 4th quarter. Truist Financial Corp now owns 25,361 shares of the company’s stock worth $2,943,000 after purchasing an additional 151 shares in the last quarter. DAVENPORT & Co LLC boosted its position in shares of Invesco KBW Property & Casualty Insurance ETF by 1.1% in the 4th quarter. DAVENPORT & Co LLC now owns 16,272 shares of the company’s stock worth $1,889,000 after purchasing an additional 183 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Invesco KBW Property & Casualty Insurance ETF by 11.9% in the 3rd quarter. Jane Street Group LLC now owns 3,923 shares of the company’s stock worth $453,000 after purchasing an additional 418 shares in the last quarter. FMR LLC boosted its position in shares of 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 in the last quarter. Finally, New Wave Wealth Advisors LLC bought a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the 4th quarter worth approximately $63,000.

Invesco KBW Property & Casualty Insurance ETF Trading Up 2.3 %

KBWP stock opened at $121.17 on Friday. The stock has a market capitalization of $453.18 million, a PE ratio of 12.39 and a beta of 0.66. Invesco KBW Property & Casualty Insurance ETF has a 12-month low of $100.25 and a 12-month high of $127.17. The stock’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 Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a $0.7787 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.