Dynamic Advisor Solutions LLC Takes $206,000 Position in Invesco S&P 500 BuyWrite ETF (NYSEARCA:PBP)

Dynamic Advisor Solutions LLC purchased a new position in Invesco S&P 500 BuyWrite ETF (NYSEARCA:PBP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,300 shares of the company’s stock, valued at approximately $206,000. Dynamic Advisor Solutions LLC owned about 0.15% of Invesco S&P 500 BuyWrite ETF at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. raised its position in Invesco S&P 500 BuyWrite ETF by 6.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 116,422 shares of the company’s stock worth $2,744,000 after acquiring an additional 6,650 shares during the period. Mount Lucas Management LP increased its stake in shares of Invesco S&P 500 BuyWrite ETF by 1.5% in the 4th quarter. Mount Lucas Management LP now owns 114,007 shares of the company’s stock worth $2,687,000 after purchasing an additional 1,651 shares in the last quarter. LPL Financial LLC raised its holdings in Invesco S&P 500 BuyWrite ETF by 5.3% in the 4th quarter. LPL Financial LLC now owns 94,796 shares of the company’s stock worth $2,234,000 after purchasing an additional 4,798 shares during the period. Raymond James Financial Inc. bought a new position in Invesco S&P 500 BuyWrite ETF in the 4th quarter worth $2,234,000. Finally, Bank of America Corp DE lifted its position in Invesco S&P 500 BuyWrite ETF by 6.7% during the fourth quarter. Bank of America Corp DE now owns 78,295 shares of the company’s stock valued at $1,845,000 after purchasing an additional 4,946 shares in the last quarter.

Invesco S&P 500 BuyWrite ETF Stock Performance

NYSEARCA:PBP opened at $21.84 on Friday. The stock has a 50-day simple moving average of $21.61 and a two-hundred day simple moving average of $22.61. The firm has a market capitalization of $140.87 million, a PE ratio of 24.89 and a beta of 0.51. Invesco S&P 500 BuyWrite ETF has a 52-week low of $19.41 and a 52-week high of $24.27.

Invesco S&P 500 BuyWrite ETF Company Profile

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.