Mount Lucas Management LP Raises Stake in Invesco S&P 500 BuyWrite ETF $PBP

Mount Lucas Management LP increased its stake in Invesco S&P 500 BuyWrite ETF (NYSEARCA:PBP) by 7.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,538 shares of the company’s stock after purchasing an additional 8,269 shares during the quarter. Invesco S&P 500 BuyWrite ETF accounts for 1.1% of Mount Lucas Management LP’s investment portfolio, making the stock its 18th largest position. Mount Lucas Management LP owned approximately 0.93% of Invesco S&P 500 BuyWrite ETF worth $2,613,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in Invesco S&P 500 BuyWrite ETF by 33.9% during the first quarter. Envestnet Asset Management Inc. now owns 58,457 shares of the company’s stock worth $1,296,000 after buying an additional 14,791 shares during the period. LPL Financial LLC boosted its stake 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 worth $2,417,000 after acquiring an additional 14,224 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Invesco S&P 500 BuyWrite ETF during the 1st quarter worth approximately $1,685,000. SVB Wealth LLC acquired a new stake in shares of Invesco S&P 500 BuyWrite ETF in the 1st quarter worth approximately $83,000. Finally, Synovus Financial Corp purchased a new position in Invesco S&P 500 BuyWrite ETF in the 1st quarter valued at approximately $3,062,000.

Invesco S&P 500 BuyWrite ETF Stock Performance

Shares of PBP stock opened at $22.64 on Monday. The stock has a fifty day moving average price of $22.33 and a 200 day moving average price of $22.03. The stock has a market cap of $305.64 million, a PE ratio of 25.96 and a beta of 0.53. Invesco S&P 500 BuyWrite ETF has a 1 year low of $19.41 and a 1 year 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.