Invesco KBW Bank ETF Sees Unusually High Options Volume (NASDAQ:KBWB)

Invesco KBW Bank ETF (NASDAQ:KBWB) was the recipient of some unusual options trading activity on Friday. Stock investors purchased 6,808 put options on the company. This is an increase of approximately 371% compared to the average daily volume of 1,444 put options.

Invesco KBW Bank ETF Trading Up 0.4%

Invesco KBW Bank ETF stock traded up $0.31 during trading on Friday, reaching $87.36. The company had a trading volume of 1,273,120 shares, compared to its average volume of 1,976,544. Invesco KBW Bank ETF has a 52 week low of $73.32 and a 52 week high of $100.61. The firm’s 50-day simple moving average is $95.19 and its 200 day simple moving average is $90.37. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 13.35 and a beta of 1.01.

Invesco KBW Bank ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a $0.4601 dividend. The ex-dividend date was Monday, September 21st. This is a negative change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.4729. This represents a $1.84 dividend on an annualized basis and a yield of 2.1%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. grew its stake in shares of Invesco KBW Bank ETF by 663.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 44,865 shares of the company’s stock valued at $4,172,000 after acquiring an additional 38,985 shares during the period. Envestnet Asset Management Inc. raised its stake in Invesco KBW Bank ETF by 92.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 194,141 shares of the company’s stock worth $18,051,000 after acquiring an additional 93,236 shares during the period. Baird Financial Group Inc. bought a new stake in Invesco KBW Bank ETF during the 2nd quarter worth approximately $6,101,000. Allworth Financial LP lifted its holdings in Invesco KBW Bank ETF by 25.0% during the second quarter. Allworth Financial LP now owns 665 shares of the company’s stock valued at $62,000 after purchasing an additional 133 shares in the last quarter. Finally, Bank OZK purchased a new position in Invesco KBW Bank ETF during the second quarter valued at approximately $658,000.

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.