Axxcess Wealth Management LLC Buys New Position in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

Axxcess Wealth Management LLC bought a new stake in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,537 shares of the company’s stock, valued at approximately $920,000. Axxcess Wealth Management LLC owned approximately 0.29% of Invesco KBW Property & Casualty Insurance ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KBWP. Geneos Wealth Management Inc. acquired a new position in Invesco KBW Property & Casualty Insurance ETF during the 4th quarter worth approximately $72,000. Advisors Preferred LLC acquired a new position in Invesco KBW Property & Casualty Insurance ETF during the 4th quarter worth approximately $153,000. Hudock Inc. acquired a new position in Invesco KBW Property & Casualty Insurance ETF during the 4th quarter worth approximately $209,000. Private Trust Co. NA acquired a new position in Invesco KBW Property & Casualty Insurance ETF during the 4th quarter worth approximately $213,000. Finally, WBI Investments LLC purchased a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the first quarter worth approximately $225,000.

Invesco KBW Property & Casualty Insurance ETF Trading Up 2.5 %

Shares of KBWP traded up $2.59 on Friday, reaching $107.09. 7,004 shares of the company’s stock traded hands, compared to its average volume of 25,259. The stock has a market cap of $307.35 million, a PE ratio of 19.40 and a beta of 0.66. The stock’s 50 day simple moving average is $104.20 and its two-hundred day simple moving average is $102.55. Invesco KBW Property & Casualty Insurance ETF has a 52-week low of $81.01 and a 52-week high of $110.30.

Invesco KBW Property & Casualty Insurance ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a dividend of $0.3064 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Monday, June 24th.

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.