Stock Traders Purchase High Volume of Invesco KBW Bank ETF Call Options (NASDAQ:KBWB)

Invesco KBW Bank ETF (NASDAQ:KBWB) was the target of unusually large options trading on Friday. Stock traders purchased 28,514 call options on the company. This is an increase of approximately 2,213% compared to the typical daily volume of 1,233 call options.

Invesco KBW Bank ETF Stock Performance

NASDAQ KBWB opened at $96.92 on Friday. The company has a market capitalization of $7.04 billion, a P/E ratio of 13.35 and a beta of 1.01. Invesco KBW Bank ETF has a one year low of $70.68 and a one year high of $98.97. The stock has a 50 day moving average price of $90.85 and a 200-day moving average price of $86.48.

Invesco KBW Bank ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a $0.4729 dividend. This represents a $1.89 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, June 22nd.

Hedge Funds Weigh In On Invesco KBW Bank ETF

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in shares of Invesco KBW Bank ETF by 47.5% during the 4th quarter. JPMorgan Chase & Co. now owns 9,166,004 shares of the company’s stock valued at $772,603,000 after buying an additional 2,950,181 shares in the last quarter. Two Sigma Investments LP grew its position in Invesco KBW Bank ETF by 2,620.7% in the third quarter. Two Sigma Investments LP now owns 1,213,448 shares of the company’s stock worth $94,904,000 after acquiring an additional 1,168,848 shares in the last quarter. Temasek Holdings Private Ltd grew its position in Invesco KBW Bank ETF by 86.1% in the fourth quarter. Temasek Holdings Private Ltd now owns 1,989,001 shares of the company’s stock worth $167,653,000 after acquiring an additional 920,001 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Invesco KBW Bank ETF during the fourth quarter worth approximately $72,072,000. Finally, Annex Advisory Services LLC increased its stake in Invesco KBW Bank ETF by 94.4% during the second quarter. Annex Advisory Services LLC now owns 756,328 shares of the company’s stock worth $70,323,000 after acquiring an additional 367,271 shares during the last quarter.

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.