Stock Traders Purchase High Volume of Invesco KBW Bank ETF Call Options (NASDAQ:KBWB)

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

Invesco KBW Bank ETF Stock Down 1.5%

KBWB stock opened at $96.92 on Friday. The company has a market cap of $7.00 billion, a P/E ratio of 13.35 and a beta of 1.01. Invesco KBW Bank ETF has a twelve month low of $70.68 and a twelve month high of $98.97. The business has a fifty day moving average of $90.85 and a 200-day moving average of $86.48.

Invesco KBW Bank ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a $0.4729 dividend. This represents a $1.89 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, June 22nd.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Allworth Financial LP grew its holdings in Invesco KBW Bank ETF by 31.5% during the 4th quarter. Allworth Financial LP now owns 522 shares of the company’s stock worth $44,000 after acquiring an additional 125 shares during the period. City Center Advisors LLC lifted its stake in shares of Invesco KBW Bank ETF by 2.3% in the 2nd quarter. City Center Advisors LLC now owns 8,567 shares of the company’s stock valued at $797,000 after purchasing an additional 189 shares during the period. Quadcap Wealth Management LLC lifted its stake in shares of Invesco KBW Bank ETF by 0.4% in the 3rd quarter. Quadcap Wealth Management LLC now owns 55,017 shares of the company’s stock valued at $4,303,000 after purchasing an additional 235 shares during the period. Quattro Financial Advisors LLC boosted its position in shares of Invesco KBW Bank ETF by 0.7% in the 4th quarter. Quattro Financial Advisors LLC now owns 42,235 shares of the company’s stock worth $3,560,000 after purchasing an additional 300 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Invesco KBW Bank ETF by 2.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,262 shares of the company’s stock worth $1,202,000 after purchasing an additional 313 shares during the last quarter.

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.