Invesco KBW Bank ETF Target of Unusually High Options Trading (NASDAQ:KBWB)

Invesco KBW Bank ETF (NASDAQ:KBWB) was the recipient of unusually large options trading on Monday. Investors bought 10,083 call options on the company. This represents an increase of 734% compared to the typical volume of 1,209 call options.

Invesco KBW Bank ETF Stock Up 1.3%

Shares of NASDAQ:KBWB traded up $1.15 during trading on Monday, reaching $87.35. 745,954 shares of the company traded hands, compared to its average volume of 2,586,694. Invesco KBW Bank ETF has a 1-year low of $51.13 and a 1-year high of $88.84. The firm has a market cap of $6.13 billion, a P/E ratio of 13.35 and a beta of 1.11. The firm has a fifty day simple moving average of $84.38 and a 200 day simple moving average of $78.99.

Invesco KBW Bank ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.4442 dividend. This represents a $1.78 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Investors Weigh In On Invesco KBW Bank ETF

Several institutional investors have recently made changes to their positions in KBWB. Benjamin Edwards Inc. increased its holdings in shares of Invesco KBW Bank ETF by 43.8% during the 4th quarter. Benjamin Edwards Inc. now owns 11,675 shares of the company’s stock valued at $984,000 after acquiring an additional 3,554 shares during the last quarter. Robertson Stephens Wealth Management LLC boosted its position in Invesco KBW Bank ETF by 4.2% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 12,893 shares of the company’s stock worth $1,087,000 after purchasing an additional 515 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Invesco KBW Bank ETF by 11.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 9,861 shares of the company’s stock valued at $831,000 after purchasing an additional 1,003 shares during the last quarter. Sigma Planning Corp raised its position in shares of Invesco KBW Bank ETF by 8.7% in the fourth quarter. Sigma Planning Corp now owns 7,875 shares of the company’s stock valued at $664,000 after purchasing an additional 627 shares during the period. Finally, Quadcap Wealth Management LLC lifted its stake in shares of Invesco KBW Bank ETF by 2.8% in the fourth quarter. Quadcap Wealth Management LLC now owns 56,567 shares of the company’s stock worth $4,768,000 after buying an additional 1,550 shares during the last quarter.

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.