Envestnet Portfolio Solutions Inc. Invests $238,000 in Invesco S&P 500 BuyWrite ETF (NYSEARCA:PBP)

Envestnet Portfolio Solutions Inc. bought a new position in shares of Invesco S&P 500 BuyWrite ETF (NYSEARCA:PBP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,103 shares of the company’s stock, valued at approximately $238,000.

Several other hedge funds have also recently added to or reduced their stakes in PBP. HBW Advisory Services LLC bought a new stake in Invesco S&P 500 BuyWrite ETF in the fourth quarter valued at $117,000. Wealthcare Advisory Partners LLC raised its holdings in Invesco S&P 500 BuyWrite ETF by 244.3% during the 4th 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 during the last quarter. Fifth Third Securities Inc. bought a new stake in shares of Invesco S&P 500 BuyWrite ETF during the 4th quarter valued at $1,007,000. Q3 Asset Management bought a new position in Invesco S&P 500 BuyWrite ETF during the fourth quarter worth about $4,112,000. Finally, AlphaCentric Advisors LLC boosted its position in shares of Invesco S&P 500 BuyWrite ETF by 4.9% during the fourth quarter. AlphaCentric Advisors LLC now owns 16,573 shares of the company’s stock worth $391,000 after purchasing an additional 779 shares in the last quarter.

Invesco S&P 500 BuyWrite ETF Price Performance

Shares of Invesco S&P 500 BuyWrite ETF stock opened at $22.14 on Friday. Invesco S&P 500 BuyWrite ETF has a 1 year low of $21.04 and a 1 year high of $24.27. The business has a 50-day moving average of $23.30 and a two-hundred day moving average of $23.21. The company has a market capitalization of $130.63 million, a P/E ratio of 25.05 and a beta of 0.57.

Invesco S&P 500 BuyWrite ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.168 per share. The ex-dividend date of this dividend was Monday, March 24th.

About Invesco S&P 500 BuyWrite ETF

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.