Main BuyWrite ETF (BATS:BUYW) Increases Dividend to $0.07 Per Share

Main BuyWrite ETF (BATS:BUYW) announced a monthly dividend on Monday, December 22nd. Shareholders of record on Tuesday, December 23rd will be given a dividend of 0.0716 per share on Monday, December 29th. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Tuesday, December 23rd. This is a 1.1% increase from Main BuyWrite ETF’s previous monthly dividend of $0.07.

Main BuyWrite ETF Stock Up 1.9%

BATS BUYW opened at $14.36 on Tuesday. The company has a 50-day simple moving average of $14.22 and a two-hundred day simple moving average of $14.17. Main BuyWrite ETF has a 12-month low of $12.45 and a 12-month high of $14.19. The firm has a market cap of $739.86 million, a price-to-earnings ratio of 24.65 and a beta of 0.30.

Institutional Trading of Main BuyWrite ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC grew its holdings in shares of Main BuyWrite ETF by 15.7% in the second quarter. Kingswood Wealth Advisors LLC now owns 24,531 shares of the company’s stock worth $344,000 after purchasing an additional 3,323 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Main BuyWrite ETF by 2.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 51,555 shares of the company’s stock valued at $724,000 after buying an additional 1,296 shares during the period. Main Management LLC grew its holdings in Main BuyWrite ETF by 2.5% in the 2nd quarter. Main Management LLC now owns 7,408,266 shares of the company’s stock worth $104,012,000 after acquiring an additional 178,983 shares during the last quarter. Virtue Capital Management LLC increased its position in shares of Main BuyWrite ETF by 3.4% in the second quarter. Virtue Capital Management LLC now owns 1,246,072 shares of the company’s stock valued at $17,495,000 after acquiring an additional 41,426 shares during the period. Finally, GPS Wealth Strategies Group LLC purchased a new position in shares of Main BuyWrite ETF in the third quarter valued at about $44,000.

About Main BuyWrite ETF

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.