Virtue Capital Management LLC Takes $840,000 Position in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

Virtue Capital Management LLC 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 (SEC). The firm purchased 7,270 shares of the company’s stock, valued at approximately $840,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC increased its position in shares of Invesco KBW Property & Casualty Insurance ETF by 196.3% during the third 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. AdvisorNet Financial Inc boosted its position 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 valued at $135,000 after acquiring an additional 104 shares in the last quarter. Prospera Financial Services Inc purchased a new position in shares of Invesco KBW Property & Casualty Insurance ETF during the 3rd quarter worth approximately $219,000. WBI Investments LLC raised its position in shares of Invesco KBW Property & Casualty Insurance ETF by 6.7% in the 2nd quarter. WBI Investments LLC now owns 2,231 shares of the company’s stock worth $229,000 after acquiring an additional 140 shares in the last quarter. Finally, Hudock Inc. bought a new position in shares of Invesco KBW Property & Casualty Insurance ETF in the 2nd quarter worth approximately $240,000.

Invesco KBW Property & Casualty Insurance ETF Stock Down 1.6 %

NASDAQ KBWP opened at $118.92 on Wednesday. The firm has a market capitalization of $445.95 million, a PE ratio of 19.40 and a beta of 0.66. The stock’s 50 day moving average is $119.31 and its 200 day moving average is $111.96. Invesco KBW Property & Casualty Insurance ETF has a twelve month low of $88.03 and a twelve month high of $127.17.

Invesco KBW Property & Casualty Insurance ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.342 per share. This represents a $1.37 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Monday, September 23rd. This is a boost from Invesco KBW Property & Casualty Insurance ETF’s previous quarterly dividend of $0.31.

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.