Main BuyWrite ETF (BATS:BUYW) Stock Price Up 0.3% – Still a Buy?

Main BuyWrite ETF (BATS:BUYW) rose 0.3% during trading on Monday . The company traded as high as $13.96 and last traded at $13.96. Approximately 99,894 shares were traded during trading, The stock had previously closed at $13.92.

Main BuyWrite ETF Stock Performance

The firm’s fifty day moving average price is $13.93 and its 200 day moving average price is $13.82. The firm has a market cap of $450.91 million, a P/E ratio of 21.55 and a beta of 0.23.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. raised its stake in shares of Main BuyWrite ETF by 8.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 49,089 shares of the company’s stock worth $674,000 after acquiring an additional 3,922 shares in the last quarter. Virtue Capital Management LLC grew its holdings in Main BuyWrite ETF by 1.1% in the third quarter. Virtue Capital Management LLC now owns 1,194,565 shares of the company’s stock worth $16,652,000 after purchasing an additional 13,353 shares during the last quarter. Finally, Main Management LLC increased its position in shares of Main BuyWrite ETF by 5.7% during the third quarter. Main Management LLC now owns 6,732,759 shares of the company’s stock worth $93,855,000 after purchasing an additional 361,273 shares in the last quarter.

Main BuyWrite ETF Company Profile

The Main Buywrite ETF (BUYW) is an exchange-traded fund that mostly invests in total market equity. The fund seeks risk-adjusted total returns by actively investing in global equity ETFs combined with an option writing strategy. BUYW was launched on Dec 29, 2015 and is managed by Main Funds.