iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) Trading Up 0.3% – Here’s What Happened
iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW – Get Free Report) shares shot up 0.3% on Monday . The company traded as high as $46.55 and last traded at $46.49. 5,043 shares traded hands during trading, a decline of 61% from the average session volume of 12,974 shares. The stock had previously closed at $46.34.
iShares S&P 500 BuyWrite ETF Stock Performance
The firm has a fifty day simple moving average of $48.65 and a 200 day simple moving average of $49.38. The company has a market capitalization of $38.12 million, a PE ratio of 24.91 and a beta of 0.60.
Institutional Trading of iShares S&P 500 BuyWrite ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Assetmark Inc. increased its position in shares of iShares S&P 500 BuyWrite ETF by 0.3% in the 4th quarter. Assetmark Inc. now owns 90,135 shares of the company’s stock valued at $4,413,000 after acquiring an additional 285 shares during the period. OneDigital Investment Advisors LLC purchased a new stake in iShares S&P 500 BuyWrite ETF during the 4th quarter valued at about $221,000. Granite Bay Wealth Management LLC purchased a new stake in iShares S&P 500 BuyWrite ETF during the 4th quarter valued at about $1,003,000. Finally, Cetera Investment Advisers increased its holdings in shares of iShares S&P 500 BuyWrite ETF by 108.0% in the fourth quarter. Cetera Investment Advisers now owns 51,743 shares of the company’s stock valued at $2,533,000 after purchasing an additional 26,868 shares during the period.
iShares S&P 500 BuyWrite ETF Company Profile
The iShares S&P 500 BuyWrite ETF (IVVW) is an exchange-traded fund that mostly invests in large cap equity. The fund is passively managed, aiming to participate in the price movement of US large-cap stocks, up to a certain cap, while also providing enhanced monthly income through a covered call option writing strategy.
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