Invesco KBW Bank ETF Target of Unusually Large Options Trading (NASDAQ:KBWB)

Invesco KBW Bank ETF (NASDAQ:KBWB) was the target of some unusual options trading on Friday. Traders acquired 28,514 call options on the stock. This is an increase of 2,213% compared to the average volume of 1,233 call options.

Hedge Funds Weigh In On Invesco KBW Bank ETF

A number of institutional investors have recently added to or reduced their stakes in KBWB. JPMorgan Chase & Co. boosted its holdings in shares of Invesco KBW Bank ETF by 47.5% during the 4th quarter. JPMorgan Chase & Co. now owns 9,166,004 shares of the company’s stock valued at $772,603,000 after buying an additional 2,950,181 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Invesco KBW Bank ETF by 9.3% in the 4th quarter. Fisher Asset Management LLC now owns 3,568,214 shares of the company’s stock worth $300,765,000 after acquiring an additional 303,052 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Invesco KBW Bank ETF by 4.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,837,447 shares of the company’s stock worth $239,168,000 after acquiring an additional 121,744 shares in the last quarter. Temasek Holdings Private Ltd lifted its position in Invesco KBW Bank ETF by 86.1% during the 4th quarter. Temasek Holdings Private Ltd now owns 1,989,001 shares of the company’s stock valued at $167,653,000 after acquiring an additional 920,001 shares during the period. Finally, Two Sigma Investments LP lifted its position in Invesco KBW Bank ETF by 2,620.7% during the 3rd quarter. Two Sigma Investments LP now owns 1,213,448 shares of the company’s stock valued at $94,904,000 after acquiring an additional 1,168,848 shares during the period.

Invesco KBW Bank ETF Trading Down 1.0%

Shares of KBWB stock traded down $0.95 during midday trading on Friday, reaching $97.42. 703,009 shares of the stock were exchanged, compared to its average volume of 2,091,499. Invesco KBW Bank ETF has a 1 year low of $70.68 and a 1 year high of $98.97. The company’s 50 day moving average is $90.62 and its two-hundred day moving average is $86.41. The firm has a market cap of $7.04 billion, a PE ratio of 13.35 and a beta of 1.01.

Invesco KBW Bank ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.4729 dividend. This represents a $1.89 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, June 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.