Envestnet Portfolio Solutions Inc. Purchases Shares of 10,103 Invesco S&P 500 BuyWrite ETF (NYSEARCA:PBP)

Envestnet Portfolio Solutions Inc. bought a new stake in Invesco S&P 500 BuyWrite ETF (NYSEARCA:PBP) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,103 shares of the company’s stock, valued at approximately $238,000. Envestnet Portfolio Solutions Inc. owned 0.23% of Invesco S&P 500 BuyWrite ETF as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Q3 Asset Management bought a new stake in shares of Invesco S&P 500 BuyWrite ETF in the fourth quarter valued at about $4,112,000. Raymond James Financial Inc. bought a new position in Invesco S&P 500 BuyWrite ETF in the 4th quarter valued at approximately $2,234,000. Fifth Third Securities Inc. acquired a new stake in shares of Invesco S&P 500 BuyWrite ETF during the 4th quarter valued at $1,007,000. Wealthcare Advisory Partners LLC boosted its stake in shares of Invesco S&P 500 BuyWrite ETF by 244.3% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 30,147 shares of the company’s stock valued at $711,000 after purchasing an additional 21,390 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in 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 worth $2,744,000 after acquiring an additional 6,650 shares during the last quarter.

Invesco S&P 500 BuyWrite ETF Stock Down 0.7 %

NYSEARCA PBP opened at $22.14 on Friday. The company has a market capitalization of $130.63 million, a price-to-earnings ratio of 25.05 and a beta of 0.57. The stock has a fifty day simple moving average of $23.30 and a 200 day simple moving average of $23.21. Invesco S&P 500 BuyWrite ETF has a twelve month low of $21.04 and a twelve month high of $24.27.

Invesco S&P 500 BuyWrite ETF Cuts Dividend

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

Invesco S&P 500 BuyWrite ETF Company 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.