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

Invesco KBW Bank ETF (NASDAQ:KBWB) was the recipient of unusually large options trading activity on Friday. Traders acquired 9,325 call options on the stock. This represents an increase of approximately 626% compared to the typical volume of 1,284 call options.

Invesco KBW Bank ETF Stock Down 0.7%

KBWB stock traded down $0.60 during trading on Friday, hitting $83.74. The company had a trading volume of 604,757 shares, compared to its average volume of 2,190,480. The firm has a 50-day moving average price of $82.23 and a 200-day moving average price of $82.87. Invesco KBW Bank ETF has a 12 month low of $63.59 and a 12 month high of $91.43. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 13.35 and a beta of 1.04.

Invesco KBW Bank ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.4898 dividend. This is a boost from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. The ex-dividend date was Monday, March 23rd. This represents a $1.96 annualized dividend and a yield of 2.3%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Waverly Advisors LLC raised its position in Invesco KBW Bank ETF by 15.8% in the 1st quarter. Waverly Advisors LLC now owns 3,491 shares of the company’s stock worth $276,000 after purchasing an additional 477 shares during the last quarter. Measured Wealth Private Client Group LLC raised its position in Invesco KBW Bank ETF by 68.0% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 7,680 shares of the company’s stock worth $608,000 after purchasing an additional 3,109 shares during the last quarter. Hanover Advisors Inc. raised its position in Invesco KBW Bank ETF by 9.1% in the 1st quarter. Hanover Advisors Inc. now owns 7,807 shares of the company’s stock worth $618,000 after purchasing an additional 652 shares during the last quarter. Lowe Brockenbrough & Co. Inc. raised its position in Invesco KBW Bank ETF by 0.6% in the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 109,735 shares of the company’s stock worth $8,682,000 after purchasing an additional 678 shares during the last quarter. Finally, Independent Financial Group LLC bought a new position in Invesco KBW Bank ETF in the 1st quarter worth approximately $605,000.

About Invesco KBW Bank ETF

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.