Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 15,681 Shares of Invesco S&P 500 BuyWrite ETF $PBP

Empirical Financial Services LLC d.b.a. Empirical Wealth Management cut its position in shares of Invesco S&P 500 BuyWrite ETF (NYSEARCA:PBP) by 14.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 94,924 shares of the company’s stock after selling 15,681 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Invesco S&P 500 BuyWrite ETF were worth $2,075,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PBP. RiverTree Advisors LLC acquired a new position in Invesco S&P 500 BuyWrite ETF during the first quarter valued at approximately $3,395,000. Synovus Financial Corp bought a new position in Invesco S&P 500 BuyWrite ETF in the first quarter valued at approximately $3,062,000. Fifth Third Securities Inc. grew its stake in Invesco S&P 500 BuyWrite ETF by 214.5% in the first quarter. Fifth Third Securities Inc. now owns 134,321 shares of the company’s stock valued at $2,978,000 after purchasing an additional 91,610 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Invesco S&P 500 BuyWrite ETF in the first quarter valued at approximately $1,685,000. Finally, MAI Capital Management grew its stake in Invesco S&P 500 BuyWrite ETF by 25.6% in the first quarter. MAI Capital Management now owns 348,094 shares of the company’s stock valued at $7,717,000 after purchasing an additional 70,996 shares in the last quarter.

Invesco S&P 500 BuyWrite ETF Stock Up 0.0%

PBP stock opened at $22.25 on Friday. The business has a 50 day moving average price of $22.07 and a two-hundred day moving average price of $21.84. The company has a market cap of $298.15 million, a price-to-earnings ratio of 25.96 and a beta of 0.64. Invesco S&P 500 BuyWrite ETF has a twelve month low of $19.41 and a twelve month high of $24.27.

Invesco S&P 500 BuyWrite ETF 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.