Oarsman Capital Inc. Invests $5.40 Million in Invesco S&P 500 BuyWrite ETF $PBP

Oarsman Capital Inc. bought a new stake in shares of Invesco S&P 500 BuyWrite ETF (NYSEARCA:PBP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 235,994 shares of the company’s stock, valued at approximately $5,404,000. Invesco S&P 500 BuyWrite ETF comprises about 0.4% of Oarsman Capital Inc.’s investment portfolio, making the stock its 27th largest holding.

Several other hedge funds have also added to or reduced their stakes in the business. Kestra Advisory Services LLC boosted its position in Invesco S&P 500 BuyWrite ETF by 8.9% during the first quarter. Kestra Advisory Services LLC now owns 11,562 shares of the company’s stock valued at $254,000 after buying an additional 941 shares during the period. Stifel Financial Corp boosted its holdings in Invesco S&P 500 BuyWrite ETF by 4.3% during the 4th quarter. Stifel Financial Corp now owns 25,232 shares of the company’s stock valued at $576,000 after acquiring an additional 1,045 shares during the period. Rockefeller Capital Management L.P. grew its position in Invesco S&P 500 BuyWrite ETF by 219.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,534 shares of the company’s stock worth $35,000 after acquiring an additional 1,054 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Invesco S&P 500 BuyWrite ETF by 14.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,423 shares of the company’s stock worth $284,000 after purchasing an additional 1,540 shares during the period. Finally, Citizens Financial Group Inc. RI increased its stake in Invesco S&P 500 BuyWrite ETF by 15.8% in the 1st quarter. Citizens Financial Group Inc. RI now owns 13,588 shares of the company’s stock worth $299,000 after purchasing an additional 1,859 shares during the period.

Invesco S&P 500 BuyWrite ETF Stock Performance

Shares of PBP stock opened at $23.30 on Monday. The company has a market capitalization of $361.15 million, a P/E ratio of 25.96 and a beta of 0.49. Invesco S&P 500 BuyWrite ETF has a fifty-two week low of $21.46 and a fifty-two week high of $23.57. The stock has a 50 day moving average price of $23.08 and a two-hundred day moving average price of $22.76.

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.