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

Invesco KBW Bank ETF (NASDAQ:KBWB) was the target of unusually large options trading on Monday. Traders acquired 10,083 call options on the company. This is an increase of 734% compared to the typical daily volume of 1,209 call options.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KBWB. Allworth Financial LP raised its holdings in shares of Invesco KBW Bank ETF by 59.4% in the 2nd quarter. Allworth Financial LP now owns 400 shares of the company’s stock worth $29,000 after acquiring an additional 149 shares during the last quarter. UMB Bank n.a. bought a new position in shares of Invesco KBW Bank ETF in the third quarter valued at approximately $31,000. AE Wealth Management LLC boosted its position in shares of Invesco KBW Bank ETF by 214.4% during the second quarter. AE Wealth Management LLC now owns 459 shares of the company’s stock valued at $33,000 after buying an additional 313 shares during the last quarter. High Point Wealth Management LLC bought a new stake in Invesco KBW Bank ETF during the fourth quarter worth $57,000. Finally, Comerica Bank raised its position in Invesco KBW Bank ETF by 58.3% in the 1st quarter. Comerica Bank now owns 1,189 shares of the company’s stock valued at $75,000 after buying an additional 438 shares during the last quarter.

Invesco KBW Bank ETF Stock Up 1.7%

NASDAQ KBWB opened at $87.64 on Tuesday. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 13.35 and a beta of 1.11. Invesco KBW Bank ETF has a 52 week low of $51.13 and a 52 week high of $88.84. The business has a 50 day moving average price of $84.60 and a 200-day moving average price of $79.09.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.4442 per share. This represents a $1.78 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, December 22nd.

About Invesco KBW Bank ETF

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.