iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) Stock Price Up 0.1% – Here’s What Happened

iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) were up 0.1% during trading on Friday . The company traded as high as $47.18 and last traded at $47.07. Approximately 14,677 shares changed hands during mid-day trading, an increase of 16% from the average daily volume of 12,645 shares. The stock had previously closed at $47.02.

iShares S&P 500 BuyWrite ETF Trading Up 0.1%

The business’s fifty day moving average is $46.21 and its 200 day moving average is $45.50. The firm has a market capitalization of $197.69 million, a P/E ratio of 25.38 and a beta of 0.63.

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. Samalin Investment Counsel LLC bought a new stake in shares of iShares S&P 500 BuyWrite ETF in the 2nd quarter worth approximately $201,000. Janney Montgomery Scott LLC bought a new stake in shares of iShares S&P 500 BuyWrite ETF in the 1st quarter worth approximately $212,000. OLD Mission Capital LLC bought a new stake in shares of iShares S&P 500 BuyWrite ETF in the 1st quarter worth approximately $227,000. Insight Wealth Strategies LLC raised its holdings in shares of iShares S&P 500 BuyWrite ETF by 58.5% in the 2nd quarter. Insight Wealth Strategies LLC now owns 10,312 shares of the company’s stock worth $474,000 after purchasing an additional 3,804 shares in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of iShares S&P 500 BuyWrite ETF by 596.2% in the 2nd quarter. Osaic Holdings Inc. now owns 11,327 shares of the company’s stock worth $526,000 after purchasing an additional 9,700 shares in the last quarter.

About iShares S&P 500 BuyWrite ETF

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.