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

Invesco KBW Bank ETF (NASDAQ:KBWB) saw some unusual options trading on Friday. Investors purchased 28,514 call options on the company. This represents an increase of approximately 2,213% compared to the average volume of 1,233 call options.

Institutional Trading of Invesco KBW Bank ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KBWB. Annex Advisory Services LLC increased its position in Invesco KBW Bank ETF by 94.4% during the 2nd quarter. Annex Advisory Services LLC now owns 756,328 shares of the company’s stock valued at $70,323,000 after purchasing an additional 367,271 shares during the period. Wealthcare Advisory Partners LLC lifted its position in shares of Invesco KBW Bank ETF by 1.0% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 87,489 shares of the company’s stock worth $8,135,000 after purchasing an additional 845 shares during the period. MRA Advisory Group purchased a new stake in shares of Invesco KBW Bank ETF in the 2nd quarter worth about $226,000. Puff Wealth Management LLC purchased a new stake in shares of Invesco KBW Bank ETF in the 2nd quarter worth about $1,138,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Invesco KBW Bank ETF during the 2nd quarter valued at about $104,000.

Invesco KBW Bank ETF Price Performance

KBWB traded down $0.95 during midday trading on Friday, reaching $97.42. 703,009 shares of the company’s stock traded hands, compared to its average volume of 2,091,499. Invesco KBW Bank ETF has a 52 week low of $70.68 and a 52 week high of $98.97. The firm has a fifty day moving average of $90.62 and a two-hundred day moving average of $86.41. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 13.35 and a beta of 1.01.

Invesco KBW Bank ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.4729 per share. This represents a $1.89 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, June 22nd.

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.