Investors Buy Large Volume of Call Options on Invesco KBW Bank ETF (NASDAQ:KBWB)

Invesco KBW Bank ETF (NASDAQ:KBWB) saw unusually large options trading on Monday. Stock traders acquired 10,083 call options on the company. This is an increase of approximately 734% compared to the average volume of 1,209 call options.

Institutional Trading of Invesco KBW Bank ETF

Several hedge funds have recently made changes to their positions in KBWB. Allworth Financial LP lifted its stake in Invesco KBW Bank ETF by 59.4% during the 2nd quarter. Allworth Financial LP now owns 400 shares of the company’s stock worth $29,000 after acquiring an additional 149 shares in the last quarter. UMB Bank n.a. acquired a new stake in shares of Invesco KBW Bank ETF during the third quarter worth about $31,000. AE Wealth Management LLC boosted its stake in shares of Invesco KBW Bank ETF by 214.4% in the second quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock valued at $33,000 after purchasing an additional 313 shares during the period. High Point Wealth Management LLC purchased a new position in shares of Invesco KBW Bank ETF in the fourth quarter valued at approximately $57,000. Finally, Comerica Bank grew its holdings in shares of Invesco KBW Bank ETF by 58.3% in the first quarter. Comerica Bank now owns 1,189 shares of the company’s stock valued at $75,000 after purchasing an additional 438 shares in the last quarter.

Invesco KBW Bank ETF Stock Up 0.8%

Shares of NASDAQ:KBWB opened at $88.35 on Wednesday. Invesco KBW Bank ETF has a 52-week low of $51.13 and a 52-week high of $89.24. The stock has a market cap of $6.20 billion, a P/E ratio of 13.35 and a beta of 1.11. The business has a fifty day moving average of $84.80 and a two-hundred day moving average of $79.19.

Invesco KBW Bank ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.4442 per share. This represents a $1.78 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, December 22nd.

Invesco KBW Bank ETF Company Profile

The Invesco KBW Bank ETF (KBWB) is an exchange-traded fund that is based on the KBW Nasdaq Bank index, a modified market-cap-weighted index of US banking firms. KBWB was launched on Nov 1, 2011 and is managed by Invesco.