Marshall Investment Management LLC Makes New Investment in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

Marshall Investment Management LLC purchased a new position in shares of Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) in the 4th quarter, Holdings Channel.com reports. The fund purchased 9,869 shares of the company’s stock, valued at approximately $1,140,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KBWP. Raymond James & Associates purchased a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the third quarter worth about $3,071,000. Private Advisor Group LLC purchased a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the third quarter worth about $849,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Invesco KBW Property & Casualty Insurance ETF in the third quarter worth about $489,000. Focus Financial Network Inc. boosted its holdings in Invesco KBW Property & Casualty Insurance ETF by 5.2% in the third quarter. Focus Financial Network Inc. now owns 20,091 shares of the company’s stock valued at $2,322,000 after purchasing an additional 988 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC purchased a new position in Invesco KBW Property & Casualty Insurance ETF in the third quarter valued at about $344,000.

Invesco KBW Property & Casualty Insurance ETF Stock Performance

Shares of KBWP opened at $112.85 on Friday. The stock has a 50-day moving average price of $114.65 and a 200 day moving average price of $115.90. Invesco KBW Property & Casualty Insurance ETF has a one year low of $100.25 and a one year high of $127.17. The company has a market capitalization of $422.06 million, a P/E ratio of 10.82 and a beta of 0.66.

Invesco KBW Property & Casualty Insurance ETF Dividend Announcement

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

Invesco KBW Property & Casualty Insurance ETF Company 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.