MAI Capital Management Buys 75,071 Shares of Invesco S&P 500 BuyWrite ETF $PBP

MAI Capital Management lifted its position in Invesco S&P 500 BuyWrite ETF (NYSEARCA:PBP) by 21.6% during the second quarter, HoldingsChannel.com reports. The fund owned 423,165 shares of the company’s stock after purchasing an additional 75,071 shares during the period. MAI Capital Management’s holdings in Invesco S&P 500 BuyWrite ETF were worth $9,250,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. SVB Wealth LLC bought a new stake in Invesco S&P 500 BuyWrite ETF during the 1st quarter worth approximately $83,000. Jane Street Group LLC increased its position in shares of Invesco S&P 500 BuyWrite ETF by 64.7% during the first quarter. Jane Street Group LLC now owns 16,758 shares of the company’s stock worth $372,000 after acquiring an additional 6,582 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Invesco S&P 500 BuyWrite ETF by 36.1% during the first quarter. Royal Bank of Canada now owns 48,551 shares of the company’s stock worth $1,076,000 after acquiring an additional 12,869 shares during the period. Envestnet Asset Management Inc. lifted its stake in Invesco S&P 500 BuyWrite ETF by 33.9% in the first quarter. Envestnet Asset Management Inc. now owns 58,457 shares of the company’s stock valued at $1,296,000 after acquiring an additional 14,791 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Invesco S&P 500 BuyWrite ETF in the 1st quarter valued at about $1,685,000.

Invesco S&P 500 BuyWrite ETF Price Performance

Invesco S&P 500 BuyWrite ETF stock opened at $22.72 on Friday. The company’s 50-day moving average is $22.37 and its 200-day moving average is $22.06. The firm has a market capitalization of $306.72 million, a PE ratio of 25.96 and a beta of 0.53. Invesco S&P 500 BuyWrite ETF has a fifty-two week low of $19.41 and a fifty-two week high of $24.27.

About Invesco S&P 500 BuyWrite ETF

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.