Niemann Capital Management Inc. Invests $10.27 Million in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

Niemann Capital Management Inc. purchased a new position in Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 142,875 shares of the company’s stock, valued at approximately $10,274,000. Invesco KBW Property & Casualty Insurance ETF comprises 7.6% of Niemann Capital Management Inc.’s portfolio, making the stock its 8th biggest holding. Niemann Capital Management Inc. owned approximately 9.85% of Invesco KBW Property & Casualty Insurance ETF as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Rehmann Capital Advisory Group acquired a new position in Invesco KBW Property & Casualty Insurance ETF during the first quarter worth $30,000. Financial Gravity Wealth Inc. acquired a new position in Invesco KBW Property & Casualty Insurance ETF during the second quarter worth $144,000. RDA Financial Network acquired a new position in Invesco KBW Property & Casualty Insurance ETF during the first quarter worth $243,000. Cetera Investment Advisers increased its position in Invesco KBW Property & Casualty Insurance ETF by 8.0% during the first quarter. Cetera Investment Advisers now owns 4,123 shares of the company’s stock worth $255,000 after buying an additional 307 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Invesco KBW Property & Casualty Insurance ETF during the first quarter worth $574,000.

KBWP stock traded up $0.79 during mid-day trading on Friday, reaching $73.37. 78 shares of the stock traded hands, compared to its average volume of 8,219. Invesco KBW Property & Casualty Insurance ETF has a 52 week low of $52.89 and a 52 week high of $72.92. The stock has a 50-day simple moving average of $71.21.

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Institutional Ownership by Quarter for Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP)

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