Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $2.85 Million Stock Position in Invesco S&P 500 BuyWrite ETF (NYSEARCA:PBP)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management reduced its stake in Invesco S&P 500 BuyWrite ETF (NYSEARCA:PBP) by 39.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 120,803 shares of the company’s stock after selling 79,620 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management owned about 2.71% of Invesco S&P 500 BuyWrite ETF worth $2,847,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HBW Advisory Services LLC bought a new stake in Invesco S&P 500 BuyWrite ETF in the fourth quarter worth approximately $117,000. Wealthcare Advisory Partners LLC increased its holdings in Invesco S&P 500 BuyWrite ETF by 244.3% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 30,147 shares of the company’s stock worth $711,000 after purchasing an additional 21,390 shares in the last quarter. Assetmark Inc. increased its holdings in Invesco S&P 500 BuyWrite ETF by 0.9% in the third quarter. Assetmark Inc. now owns 61,552 shares of the company’s stock worth $1,406,000 after purchasing an additional 527 shares in the last quarter. Finally, Mount Lucas Management LP increased its holdings in Invesco S&P 500 BuyWrite ETF by 3.9% in the third quarter. Mount Lucas Management LP now owns 112,356 shares of the company’s stock worth $2,566,000 after purchasing an additional 4,198 shares in the last quarter.

Invesco S&P 500 BuyWrite ETF Stock Performance

Shares of PBP stock opened at $23.75 on Tuesday. The company has a market cap of $105.69 million, a P/E ratio of 21.31 and a beta of 0.45. The stock has a 50 day simple moving average of $23.49 and a two-hundred day simple moving average of $22.92. Invesco S&P 500 BuyWrite ETF has a fifty-two week low of $21.04 and a fifty-two week high of $24.04.

Invesco S&P 500 BuyWrite ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 21st were issued a $0.2156 dividend. This is an increase from Invesco S&P 500 BuyWrite ETF’s previous dividend of $0.20. The ex-dividend date was Tuesday, January 21st.

Invesco S&P 500 BuyWrite ETF 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.