Raymond James Financial Inc. Invests $2.23 Million in Invesco S&P 500 BuyWrite ETF (NYSEARCA:PBP)

Raymond James Financial Inc. bought a new position in shares of Invesco S&P 500 BuyWrite ETF (NYSEARCA:PBP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 94,796 shares of the company’s stock, valued at approximately $2,234,000. Raymond James Financial Inc. owned approximately 2.13% of Invesco S&P 500 BuyWrite ETF at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PBP. HBW Advisory Services LLC purchased a new stake in shares of Invesco S&P 500 BuyWrite ETF during the 4th quarter worth approximately $117,000. AlphaCentric Advisors LLC lifted its position in Invesco S&P 500 BuyWrite ETF by 4.9% in the fourth quarter. AlphaCentric Advisors LLC now owns 16,573 shares of the company’s stock valued at $391,000 after acquiring an additional 779 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Invesco S&P 500 BuyWrite ETF by 244.3% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 30,147 shares of the company’s stock valued at $711,000 after acquiring an additional 21,390 shares in the last quarter. Fifth Third Securities Inc. purchased a new position in shares of Invesco S&P 500 BuyWrite ETF during the fourth quarter worth about $1,007,000. Finally, Assetmark Inc. grew its holdings in shares of Invesco S&P 500 BuyWrite ETF by 1.4% during the fourth quarter. Assetmark Inc. now owns 62,406 shares of the company’s stock worth $1,471,000 after purchasing an additional 854 shares during the last quarter.

Invesco S&P 500 BuyWrite ETF Trading Down 0.7 %

PBP stock opened at $22.14 on Monday. The business has a 50 day simple moving average of $23.30 and a 200-day simple moving average of $23.22. The company has a market capitalization of $130.63 million, a P/E ratio of 25.05 and a beta of 0.57. 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 business also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.168 per share. The ex-dividend date of this dividend 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.