Bank of America Corp DE Grows Stake in Invesco S&P 500 BuyWrite ETF (NYSEARCA:PBP)

Bank of America Corp DE grew its position in shares of Invesco S&P 500 BuyWrite ETF (NYSEARCA:PBP) by 6.7% in the fourth quarter, Holdings Channel reports. The firm owned 78,295 shares of the company’s stock after purchasing an additional 4,946 shares during the period. Bank of America Corp DE’s holdings in Invesco S&P 500 BuyWrite ETF were worth $1,845,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PBP. AlphaCentric Advisors LLC grew its position in shares of Invesco S&P 500 BuyWrite ETF by 4.9% during the 4th quarter. AlphaCentric Advisors LLC now owns 16,573 shares of the company’s stock valued at $391,000 after purchasing an additional 779 shares in the last quarter. Assetmark Inc. grew its position in shares of Invesco S&P 500 BuyWrite ETF by 1.4% during the 4th quarter. Assetmark Inc. now owns 62,406 shares of the company’s stock valued at $1,471,000 after purchasing an additional 854 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in shares of Invesco S&P 500 BuyWrite ETF by 6.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 116,422 shares of the company’s stock valued at $2,744,000 after purchasing an additional 6,650 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Invesco S&P 500 BuyWrite ETF during the 4th quarter valued at $2,234,000. Finally, Mount Lucas Management LP grew its position in shares of Invesco S&P 500 BuyWrite ETF by 1.5% during the 4th quarter. Mount Lucas Management LP now owns 114,007 shares of the company’s stock valued at $2,687,000 after purchasing an additional 1,651 shares in the last quarter.

Invesco S&P 500 BuyWrite ETF Stock Performance

NYSEARCA PBP opened at $21.67 on Wednesday. Invesco S&P 500 BuyWrite ETF has a 52-week low of $19.41 and a 52-week high of $24.27. The company has a market capitalization of $135.44 million, a P/E ratio of 24.03 and a beta of 0.53. The company has a fifty day moving average of $21.48 and a 200-day moving average of $22.72.

Invesco S&P 500 BuyWrite ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a dividend of $0.168 per share. The ex-dividend date was Monday, March 24th.

Invesco S&P 500 BuyWrite ETF Profile

The Invesco S&P 500 BuyWrite ETF (PBP) is an exchange-traded fund that is based on the Cboe S&P 500 BuyWrite index. The fund tracks an index that uses a covered-call strategy to provide long exposure to the S&P 500 and selling call options thereon. PBP was launched on Dec 20, 2007 and is managed by Invesco.