Invesco S&P 500 BuyWrite ETF $PBP Stock Position Reduced by Assetmark Inc.

Assetmark Inc. trimmed its position in Invesco S&P 500 BuyWrite ETF (NYSEARCA:PBP) by 3.7% in the second quarter, Holdings Channel.com reports. The fund owned 58,020 shares of the company’s stock after selling 2,233 shares during the period. Assetmark Inc.’s holdings in Invesco S&P 500 BuyWrite ETF were worth $1,268,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. MAI Capital Management boosted its holdings in Invesco S&P 500 BuyWrite ETF by 25.6% in the first quarter. MAI Capital Management now owns 348,094 shares of the company’s stock worth $7,717,000 after purchasing an additional 70,996 shares during the period. Fifth Third Securities Inc. raised its holdings in shares of Invesco S&P 500 BuyWrite ETF by 19.1% during the second quarter. Fifth Third Securities Inc. now owns 160,029 shares of the company’s stock worth $3,498,000 after purchasing an additional 25,708 shares during the period. Synovus Financial Corp bought a new position in shares of Invesco S&P 500 BuyWrite ETF in the 1st quarter worth about $3,062,000. Cullen Frost Bankers Inc. boosted its holdings in shares of Invesco S&P 500 BuyWrite ETF by 13.5% in the 1st quarter. Cullen Frost Bankers Inc. now owns 132,105 shares of the company’s stock valued at $2,929,000 after buying an additional 15,683 shares during the period. Finally, LPL Financial LLC grew its position in shares of Invesco S&P 500 BuyWrite ETF by 15.0% during the 1st quarter. LPL Financial LLC now owns 109,020 shares of the company’s stock valued at $2,417,000 after buying an additional 14,224 shares during the last quarter.

Invesco S&P 500 BuyWrite ETF Stock Up 0.4%

PBP opened at $22.60 on Thursday. The company’s 50-day moving average price is $22.25 and its 200 day moving average price is $21.97. Invesco S&P 500 BuyWrite ETF has a fifty-two week low of $19.41 and a fifty-two week high of $24.27. The firm has a market cap of $305.10 million, a price-to-earnings ratio of 25.96 and a beta of 0.53.

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.