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

Invesco S&P 500 BuyWrite ETF (NYSEARCA:PBP) declared a monthly dividend on Tuesday, January 14th. Shareholders 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 dividend yield of 9.4%. The ex-dividend date is Monday, December 22nd.

Invesco S&P 500 BuyWrite ETF Stock Performance

PBP stock opened at $23.06 on Friday. The firm has a 50 day moving average price of $22.66 and a 200-day moving average price of $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 firm has a market capitalization of $311.31 million, a price-to-earnings ratio of 25.96 and a beta of 0.53.

Institutional Investors Weigh In On Invesco S&P 500 BuyWrite ETF

Hedge funds have recently added to or reduced their stakes in the stock. OneDigital Investment Advisors LLC grew its stake in shares of Invesco S&P 500 BuyWrite ETF by 5.6% in the third quarter. OneDigital Investment Advisors LLC now owns 9,755 shares of the company’s stock worth $216,000 after acquiring an additional 515 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Invesco S&P 500 BuyWrite ETF by 8.8% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 10,883 shares of the company’s stock worth $241,000 after purchasing an additional 882 shares in the last quarter. Dynamic Advisor Solutions LLC grew its position in Invesco S&P 500 BuyWrite ETF by 7.8% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 13,854 shares of the company’s stock valued at $306,000 after purchasing an additional 1,002 shares during the last quarter. Founders Financial Alliance LLC bought a new stake in Invesco S&P 500 BuyWrite ETF during the 3rd quarter valued at about $47,000. Finally, GPS Wealth Strategies Group LLC bought a new stake in Invesco S&P 500 BuyWrite ETF during the 3rd quarter valued at about $55,000.

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.