Stock Traders Purchase Large Volume of Call Options on Invesco KBW Bank ETF (NASDAQ:KBWB)

Invesco KBW Bank ETF (NASDAQ:KBWB) was the target of unusually large options trading activity on Friday. Traders bought 9,325 call options on the company. This represents an increase of 626% compared to the average daily volume of 1,284 call options.

Institutional Investors Weigh In On Invesco KBW Bank ETF

A number of large investors have recently bought and sold shares of KBWB. JPMorgan Chase & Co. grew its holdings in Invesco KBW Bank ETF by 47.5% in the fourth quarter. JPMorgan Chase & Co. now owns 9,166,004 shares of the company’s stock worth $772,603,000 after purchasing an additional 2,950,181 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Invesco KBW Bank ETF by 83.8% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,177,620 shares of the company’s stock valued at $326,732,000 after buying an additional 1,905,000 shares in the last quarter. Two Sigma Investments LP lifted its stake in shares of Invesco KBW Bank ETF by 2,620.7% in the third quarter. Two Sigma Investments LP now owns 1,213,448 shares of the company’s stock valued at $94,904,000 after buying an additional 1,168,848 shares in the last quarter. Temasek Holdings Private Ltd bought a new position in shares of Invesco KBW Bank ETF in the third quarter valued at $83,606,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Invesco KBW Bank ETF in the fourth quarter valued at $72,072,000.

Invesco KBW Bank ETF Trading Down 0.7%

NASDAQ:KBWB opened at $83.71 on Friday. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 13.35 and a beta of 1.04. The firm has a fifty day simple moving average of $82.26 and a two-hundred day simple moving average of $82.88. Invesco KBW Bank ETF has a 12 month low of $63.59 and a 12 month high of $91.43.

Invesco KBW Bank ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.4898 dividend. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. This represents a $1.96 dividend on an annualized basis and a yield of 2.3%.

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.