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

Invesco KBW Bank ETF (NASDAQ:KBWB) saw some unusual options trading on Friday. Stock traders acquired 9,325 call options on the company. This is an increase of 626% compared to the typical daily volume of 1,284 call options.

Invesco KBW Bank ETF Stock Performance

NASDAQ KBWB traded down $0.60 during trading on Friday, reaching $83.74. 604,757 shares of the company traded hands, compared to its average volume of 2,190,480. Invesco KBW Bank ETF has a 1-year low of $63.59 and a 1-year high of $91.43. The stock’s 50 day moving average price is $82.23 and its two-hundred day moving average price is $82.87. The company 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 company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.4898 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44. The ex-dividend date was Monday, March 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of KBWB. Comerica Bank raised its stake in shares of Invesco KBW Bank ETF by 58.3% in the first quarter. Comerica Bank now owns 1,189 shares of the company’s stock valued at $75,000 after acquiring an additional 438 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Invesco KBW Bank ETF by 130.5% in the first quarter. Jones Financial Companies Lllp now owns 6,630 shares of the company’s stock valued at $416,000 after acquiring an additional 3,754 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Invesco KBW Bank ETF by 63.9% in the second quarter. NewEdge Advisors LLC now owns 6,546 shares of the company’s stock valued at $469,000 after acquiring an additional 2,553 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of Invesco KBW Bank ETF by 2.8% in the second quarter. Quantinno Capital Management LP now owns 41,976 shares of the company’s stock valued at $3,006,000 after acquiring an additional 1,139 shares during the last quarter. Finally, BTG Pactual Asset Management US LLC bought a new position in shares of Invesco KBW Bank ETF in the second quarter valued at approximately $82,000.

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.