Forbes  Aug 13  Comment 
The PowerShares S&P 500 BuyWrite Portfolio ETF (PBP) is seeing unusually high volume in afternoon trading Wednesday, with over 953,000 shares traded versus three month average volume of about 147,000.  Shares of PBP were up about 0.7% on the day.
SeekingAlpha  Jul 8  Comment 
By Nathan Buehler: Thesis: PowerShares S&P 500 BuyWrite Portfolio ETF (PBP) is a suitable buy and hold investment that has a proven track record and solid dividend history. This could be an attractive addition to your dividend portfolio. While...
DailyFinance  Jan 22  Comment 
LAVAL, QUEBEC -- (Marketwired) -- 01/22/14 -- ProMetic Life Sciences Inc. (TSX:PLI)(OTCQX:PFSCF), ("ProMetic" or the "Corporation") announced today the achievement of the second manufacturing milestone related to its strategic agreement...
DailyFinance  Dec 11  Comment 
- First production run at commercial scale performedLAVAL, QUEBEC -- (Marketwired) -- 12/11/13 -- ProMetic Life Sciences Inc. (TSX: PLI)(OTCQX: PFSCF), ("ProMetic" or the "Corporation") is proud to announce that it has achieved a major corporate...
Forbes  May 2  Comment 
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the S&P 500 BuyWrite Portfolio (AMEX: PBP) where we have detected an approximate $13.8 million dollar outflow -- that's a...
Forbes  Mar 15  Comment 
In trading on Friday, shares of the S&P 500 BuyWrite Portfolio ETF (AMEX: PBP) crossed below their 200 day moving average of $20.37, changing hands as low as $20.32 per share. S&P 500 BuyWrite Portfolio shares are currently trading off about 0.1%...
Forbes  May 1  Comment 
The S&P 500 BuyWrite Portfolio ETF (PBP) is seeing unusually high volume in afternoon trading
Wall Street Sector Selector  Jan 5  Comment 
For those who may have a touch of acrophobia, prefer their hikes to put less stress on their cardiovascular system and want a portfolio that matches the way they wish to experience the world, covered calls or buy-write strategies might be the answer.
Wall Street Sector Selector  Jun 10  Comment 
Wall Street Sector Selector  Dec 22  Comment 
When rattling off the advantages that ETFs hold compared to traditional actively-managed mutual funds, most investors usually start with the issue of expenses. The easiest comparison to make(...)Read the rest of ETF Tax Efficiency Report Card...


S&P 500 BuyWrite Portfolio ETF (PBP)


The PowerShares S&P 500 BuyWrite Portfolio (Fund) is based on the CBOE S&P 500 BuyWrite Index (Index). The Fund will normally invest at least 80% of its total assets in common stocks of the 500 companies included in the S&P 500® Index and will write (sell) call options thereon. The Index measures the total rate of return of an S&P 500® covered call strategy. This strategy consists of holding a portfolio indexed to the S&P 500® (Reference Index) and selling a succession of written options, each with an exercise price at or above the prevailing price level of the S&P 500®. The CBOE S&P 500 BuyWrite Index provides a benchmark measure of the total return performance of this hypothetical strategy. Dividends paid on the component stocks underlying the S&P 500® and the dollar value of option premiums received from written options are reinvested.


Fund Information

  • Fund Manager - Invesco PowerShares
  • Inception Date - 12/20/2007
  • Exchange – NYSE Arca
  • Index Ticker – PBP
  • Intra-day NAV Ticker – PBP.IV
  • Expense Ratio - 0.75%

Top Holdings

Holdings % of Portfolio
Exxon Mobil Corp. 3.71%
Microsoft Corp. 2.42%
Procter & Gamble Co. 1.91%
Johnson & Johnson 1.86%
General Electric Co. 1.79%
Apple Inc. 1.77%
International Business Machines Corp. 1.74%
AT&T Inc. 1.73%
JPMorgan Chase & Co. 1.70%
Bank of America Corp. 1.65%
Holdings as of 12/07/2009

Other S&P 500 ETFs

ETF Name Fund Manager Expense Ratio
CBOE S&P 500 BuyWrite Index ETN (BWV)Barclays Bank0.75%
S&P 500 BuyWrite Portfolio ETF (PBP)Invesco PowerShares0.75%
iShares S&P 500 Growth Index Fund (IVW)ishares0.18%
iShares S&P 500 Index Fund (IVV)ishares0.09%
iShares S&P 500 Value Index Fund (IVE)ishares0.18%
ProShares Short S&P 500 ETF (SH)InvescoPoweshares0.95%
ProShares Ultra S&P 500 ETF (SSO)InvescoPoweshares0.95%
ProShares UltraShort S&P 500 ETF (SDS)ProShares ETFs0.91%
ProShares UltraShort S&P 500 ETF (SDS)ProShares ETFs0.91%
Rydex 2x S&P 500 ETF (RSU)Rydex ETF Trust0.70%
Rydex Inverse 2x S&P 500 ETF (RSW)Rydex ETF Trust0.70%
Rydex Inverse 2x S&P 500 ETF (RSW)Rydex ETF Trust0.70%
Rydex S&P 500 Pure Growth ETF (RPG)Rydex ETF Trust0.35%
Rydex S&P 500 Pure Value ETF (RPV)Rydex ETF Trust0.35%
SPDR S&P 500 ETF (SPY)State Street Global Markets, LLC0.10%
iShares S&P 500 ETF (IUSA-LSE)iShares0.40%


  1. - Overview of S&P 500 BuyWrite Portfolio ETF (PBP)
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