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The The Invesco S&P 500 BuyWrite ETF (Fund) is based on the CBOE S&P 500 BuyWrite Index, (Index). The Fund generally will invest at least 90% of its total assets in securities that comprise the Index and will write (sell) call options thereon. The Index is a total return benchmark index that is designed to track the performance of a hypothetical "buy-write" strategy on the S&P 500 Index. The Index measures the total rate of return of an S&P 500 covered call strategy. This strategy consists of holding a long position indexed to the S&P 500 Index and selling a succession of covered call options, each with an exercise price at or above the prevailing price level of the S&P 500 Index. Dividends paid on the component stocks underlying the S&P 500 and the dollar value of option premiums received from written options are reinvested. The Fund and the Index are rebalanced and reconstituted quarterly.
Invesco S&P 500 Buywrite ETF trades on the ARCA stock market under the symbol PBP.
As of March 5, 2025, PBP stock price climbed to $23.16 with 25,445 million shares trading.
PBP has a beta of 0.53, meaning it tends to be less sensitive to market movements. PBP has a correlation of 0.70 to the broad based SPY ETF.
PBP has a market cap of $132.01 million. This is considered a Micro Cap stock.
In the last 3 years, PBP traded as high as $24.27 and as low as $18.56.
PBP has outperformed the market in the last year with a price return of +18.3% while the SPY ETF gained +15.2%. PBP has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +2.0% and -3.1%, respectively, while the SPY returned -3.7% and -4.6%, respectively.
PBP support price is $22.74 and resistance is $23.10 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PBP shares will trade within this expected range on the day.