Norden Group LLC Trims Position in Invesco S&P 500 BuyWrite ETF (NYSEARCA:PBP)

Norden Group LLC lowered its holdings in Invesco S&P 500 BuyWrite ETF (NYSEARCA:PBP) by 13.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,000 shares of the company’s stock after selling 1,575 shares during the period. Norden Group LLC’s holdings in Invesco S&P 500 BuyWrite ETF were worth $236,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. HBW Advisory Services LLC purchased a new position in shares of Invesco S&P 500 BuyWrite ETF in the 4th quarter worth $117,000. AlphaCentric Advisors LLC raised its holdings in shares of Invesco S&P 500 BuyWrite ETF by 4.9% during the 4th quarter. AlphaCentric Advisors LLC now owns 16,573 shares of the company’s stock valued at $391,000 after buying an additional 779 shares during the period. Wealthcare Advisory Partners LLC lifted its position in shares of Invesco S&P 500 BuyWrite ETF by 244.3% during 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. Fifth Third Securities Inc. acquired a new position in Invesco S&P 500 BuyWrite ETF in the 4th quarter worth $1,007,000. Finally, Assetmark Inc. lifted its stake in shares of 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 acquiring an additional 527 shares in the last quarter.

Invesco S&P 500 BuyWrite ETF Price Performance

PBP opened at $22.92 on Wednesday. Invesco S&P 500 BuyWrite ETF has a 12-month low of $21.04 and a 12-month high of $24.27. The stock has a market capitalization of $128.35 million, a PE ratio of 27.36 and a beta of 0.58. The firm’s fifty day moving average price is $23.76 and its 200 day moving average price is $23.24.

Invesco S&P 500 BuyWrite ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were issued a $0.2074 dividend. The ex-dividend date was Monday, February 24th.

Invesco S&P 500 BuyWrite ETF Company 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.