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Invesco S&P 500 BuyWrite ETF (PBP)

Derivative Income | Exchange Traded Fund | Cboe US
23.30 USD -0.01 (-0.043%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 23.30
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★⯪☆
Hot Take ↕ | Aug. 22, 2026, 2:48 a.m. EDT

This instrument is a classic 'cash cow' designed for income, not capital appreciation. The headline 10% dividend yield is the primary driver, supported by a history of consistent monthly payouts that have held steady despite market volatility. However, the underlying business quality is mediocre; the price has been essentially flat over the last decade, rising only 4% despite significant compounding dividends, which implies the market views the equity portion as a zero-sum game against inflation. While the yield is attractive, it comes with the caveat that the principal is unlikely to grow significantly, making it suitable only for investors who prioritize current income over wealth accumulation.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.008214
AutoTheta0.008337
AutoETS0.008556
AutoARIMA0.008670
MSTL_790.012961
MSTL_1050.015559
MSTL_79_1050.019818

Forecast horizon: 60 days | Selected: MSTL

Forecast Reliability
Score 63%
H-stat 3.05
Ljung-Box p 0.000
Jarque-Bera p 0.531
Excess Kurtosis -0.64
Attribute Value
Trailing P/E 25.38

As of Aug. 22, 2026, 2:48 a.m. EDT: Options activity is virtually dormant with negligible volume and open interest across both calls and puts. The single put contract noted at a deep strike suggests minimal hedging demand, while the lack of call activity indicates no speculative bullish positioning. Implied volatility is flat, reflecting a market that sees this instrument as a static income generator rather than a dynamic trade.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.95% 12.43% 10.72% 8.00%
Dividend History
Date Dividend Yield %
2026-08-24 0.221 0.954644
2026-07-20 0.187 0.814815
2026-06-22 0.228 1.004848
2026-05-18 0.205 0.907080
2026-04-20 0.214 0.956211
2026-03-23 0.193 0.879271
2026-02-23 0.204 0.898283
2026-01-20 0.213 0.947509
2025-12-22 0.574 2.518648
2025-11-24 0.222 0.978836
2025-10-20 0.175 0.780205
2025-09-22 0.175 0.793291
2025-08-18 0.220 1.004566
2025-07-21 0.118 0.538567
2025-06-23 0.221 1.019843
2025-05-19 0.214 0.991200
2025-04-21 0.210 1.009615
2025-03-24 0.168 0.748663
2025-02-24 0.207 0.879728
2025-01-21 0.216 0.906801
2024-12-23 0.203 0.860169
2024-11-18 0.211 0.920192
2024-10-21 0.189 0.826410
2024-09-23 0.227 0.997802
2024-08-19 0.174 0.769571
2024-07-22 0.163 0.730614
2024-06-24 0.164 0.742417
2024-05-20 0.201 0.915718
2024-04-22 0.172 0.785747
2024-03-18 0.175 0.788644
2024-02-20 0.174 0.798898
2024-01-22 0.154 0.706746
2023-12-18 0.157 0.727863
2023-11-20 0.210 0.987770
2023-10-23 0.168 0.800000
2023-09-18 0.060 0.273973
2023-06-20 0.061 0.280460
2023-03-20 0.070 0.335731
2022-12-19 0.065 0.325978
2022-09-19 0.068 0.342397
2022-06-21 0.066 0.324324
2022-03-21 0.070 0.305011
2021-12-20 1.279 5.671841
2021-09-20 0.061 0.266376
2021-06-21 0.067 0.297381
2021-03-22 0.029 0.135009
2020-12-21 0.090 0.444444
2020-09-21 0.059 0.313663
2020-06-22 0.058 0.323120
2020-03-23 0.082 0.559345
2019-12-23 0.960 4.458894
2019-09-23 0.090 0.415129
2019-06-24 0.088 0.406279
2019-03-18 0.057 0.271170
2018-12-26 0.232 1.189134
2018-12-24 0.088 0.460251
2018-09-24 0.082 0.364283
2018-06-18 0.080 0.365631
2018-03-19 0.029 0.133949
2017-12-27 1.272 5.938375
2017-12-18 0.085 0.371991
2017-09-18 0.500 2.254283
2017-06-16 0.473 2.126799
2016-12-27 0.176 0.822046
2016-12-16 0.144 0.670079
2016-09-16 0.079 0.380173
2016-06-17 0.103 0.501217
2016-03-18 0.043 0.214250
2015-12-24 0.339 1.651242
2015-12-18 0.121 0.587379
2015-09-18 0.272 1.332680
2015-06-19 0.304 1.422555
2015-03-20 0.033 0.156472
2014-12-24 0.172 0.826923
2014-12-19 0.089 0.428090
2014-09-19 0.320 1.489758
2014-06-20 0.421 1.972821
2014-03-21 0.025 0.116877
2013-12-24 0.007 0.033849
2013-12-20 0.692 3.365759
2013-09-20 0.340 1.692384
2013-06-21 0.297 1.486487
2013-03-15 0.039 0.191458
2012-12-24 0.145 0.737538
2012-12-21 0.402 2.031329
2012-09-21 0.090 0.428776
2012-06-15 0.124 0.618762
2012-03-16 0.099 0.482221
2011-12-27 0.110 0.558376
2011-12-16 1.836 9.567483
2011-09-16 0.071 0.364103
2011-06-17 0.091 0.439189
2011-03-18 0.027 0.131195
2010-12-28 1.357 6.492823
2010-12-17 0.116 0.525600
2010-09-17 0.065 0.310115
2010-06-18 0.061 0.296116
2010-03-19 0.053 0.245826
2009-12-18 0.082 0.384977
2009-09-18 0.065 0.324675
2009-06-19 0.090 0.486750
2009-03-20 0.093 0.560241
2008-12-19 0.072 0.421793
2008-09-19 0.058 0.240564
2008-06-20 0.238 0.997067
2008-03-25 0.053 0.215710
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 10.06

Info Dump

Attribute Value
All Time High 26.94
All Time Low 10.0
Ask 34.91
Ask Size 700
Average Daily Volume10 Day 63,280
Average Daily Volume3 Month 54,904
Average Volume 54,904
Average Volume10Days 63,280
Beta3 Year 0.4
Bid 21.57
Bid Size 900
Category Derivative Income
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 23.4
Day Low 23.25
Dividend Yield 10.06
Eps Trailing Twelve Months 0.9180584
Esg Populated 0
Exchange BTS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 23.0768
Fifty Day Average Change 0.22319984
Fifty Day Average Change Percent 0.009672045
Fifty Two Week Change Percent 6.5356493
Fifty Two Week High 23.57
Fifty Two Week High Change -0.27000046
Fifty Two Week High Change Percent -0.011455259
Fifty Two Week Low 21.46
Fifty Two Week Low Change 1.8400002
Fifty Two Week Low Change Percent 0.085740924
Fifty Two Week Range 21.46 - 23.57
First Trade Date Milliseconds 1,198,765,800,000
Five Year Average Return 0.081151105
Full Exchange Name Cboe US
Fullday Change -0.0100002
Fullday Change Percent -0.042901
Fullday Price 23.3
Fund Family Invesco
Fund Inception Date 1,198,108,800
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index and will write (sell) call options thereon. The underlying 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.
Long Name Invesco S&P 500 BuyWrite ETF
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_39599178
Nav Price 23.17
Net Assets 355,922,048.0
Net Expense Ratio 0.29
Open 23.4
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 23.3
Post Market Time 1,787,960,873
Previous Close 23.31
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change -0.0100002
Regular Market Change Percent -0.042901
Regular Market Day High 23.4
Regular Market Day Low 23.25
Regular Market Day Range 23.25 - 23.4
Regular Market Open 23.4
Regular Market Previous Close 23.31
Regular Market Price 23.3
Regular Market Time 1,787,947,200
Regular Market Volume 58,257
Short Name Invesco S&P 500 BuyWrite ETF
Source Interval 15
Symbol PBP
Three Year Average Return 0.13633549
Total Assets 355,922,048
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 25.379648
Trailing Peg Ratio None
Trailing Three Month Nav Returns 5.17332
Trailing Three Month Returns 5.17332
Triggerable 1
Two Hundred Day Average 22.7823
Two Hundred Day Average Change 0.5176983
Two Hundred Day Average Change Percent 0.022723705
Type Disp ETF
Volume 58,257
Yield 0.100600004
Ytd Return 8.10242