Invesco KBW Bank ETF Sees Unusually High Options Volume (NASDAQ:KBWB)

Invesco KBW Bank ETF (NASDAQ:KBWB – Get Free Report) was the recipient of some unusual options trading activity on Friday. Investors bought 6,808 put options on the stock. This represents an increase of 371% compared to the typical daily volume of 1,444 put options.

Invesco KBW Bank ETF Trading Up 0.4%

Invesco KBW Bank ETF stock traded up $0.31 during mid-day trading on Friday, hitting $87.36. The stock had a trading volume of 1,273,120 shares, compared to its average volume of 1,976,544. The firm has a market capitalization of $6.20 billion, a P/E ratio of 13.35 and a beta of 1.01. The firm’s 50 day moving average is $95.19 and its 200 day moving average is $90.37. Invesco KBW Bank ETF has a one year low of $73.32 and a one year high of $100.61.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given a $0.4601 dividend. The ex-dividend date was Monday, September 21st. This is a negative change from Invesco KBW Bank ETF’s previous quarterly dividend of $0.4729. This represents a $1.84 annualized dividend and a dividend yield of 2.1%.

Institutional Trading of Invesco KBW Bank ETF

Institutional investors have recently made changes to their positions in 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. 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. Annex Advisory Services LLC grew its position in Invesco KBW Bank ETF by 94.4% in 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 in the last quarter. Polymer Capital Management HK LTD purchased a new position in Invesco KBW Bank ETF in the fourth quarter worth about $12,896,000. Finally, Goldman Sachs Group Inc. increased its stake in Invesco KBW Bank ETF by 4.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,837,447 shares of the company’s stock worth $239,168,000 after acquiring an additional 121,744 shares during the last quarter.

Invesco KBW Bank ETF Company Profile

(Get Free Report)

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.

Further Reading

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