Invesco S&P 500 BuyWrite ETF Declares Monthly Dividend of $0.18 (NYSEARCA:PBP)

Invesco S&P 500 BuyWrite ETF (NYSEARCA:PBP) announced a monthly dividend on Tuesday, January 14th. Investors of record on Monday, December 22nd will be paid a dividend of 0.18 per share on Friday, December 26th. This represents a c) dividend on an annualized basis and a yield of 9.4%. The ex-dividend date is Monday, December 22nd.

Invesco S&P 500 BuyWrite ETF Stock Performance

Shares of PBP stock opened at $23.06 on Friday. The firm’s 50 day moving average price is $22.66 and its two-hundred day moving average price is $22.24. Invesco S&P 500 BuyWrite ETF has a 52-week low of $19.41 and a 52-week high of $24.27. The stock has a market cap of $311.31 million, a PE ratio of 25.96 and a beta of 0.53.

Hedge Funds Weigh In On Invesco S&P 500 BuyWrite ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC acquired a new stake in Invesco S&P 500 BuyWrite ETF during the 3rd quarter worth $1,254,000. Bank of America Corp DE raised its position in shares of Invesco S&P 500 BuyWrite ETF by 117.8% during the third quarter. Bank of America Corp DE now owns 177,914 shares of the company’s stock worth $3,935,000 after purchasing an additional 96,213 shares during the period. Sumitomo Life Insurance Co. bought a new position in shares of Invesco S&P 500 BuyWrite ETF during the 3rd quarter valued at about $137,586,000. Mount Lucas Management LP increased its stake in Invesco S&P 500 BuyWrite ETF by 4.0% during the 3rd quarter. Mount Lucas Management LP now owns 124,347 shares of the company’s stock worth $2,751,000 after purchasing an additional 4,809 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its holdings in Invesco S&P 500 BuyWrite ETF by 5.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 9,755 shares of the company’s stock worth $216,000 after buying an additional 515 shares during the period.

About Invesco S&P 500 BuyWrite ETF

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.