iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) Shares Up 0.2% – Here’s Why

iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) shares shot up 0.2% during trading on Wednesday . The company traded as high as $46.00 and last traded at $45.95. 12,736 shares traded hands during trading, an increase of 5% from the average session volume of 12,087 shares. The stock had previously closed at $45.87.

iShares S&P 500 BuyWrite ETF Stock Performance

The firm has a market cap of $182.88 million, a P/E ratio of 25.38 and a beta of 0.60. The company has a 50-day moving average of $45.62 and a 200 day moving average of $45.75.

Hedge Funds Weigh In On iShares S&P 500 BuyWrite ETF

Several institutional investors have recently added to or reduced their stakes in the company. Samalin Investment Counsel LLC bought a new position in shares of iShares S&P 500 BuyWrite ETF in the second quarter valued at approximately $201,000. Janney Montgomery Scott LLC bought a new position in iShares S&P 500 BuyWrite ETF in the 1st quarter valued at $212,000. OLD Mission Capital LLC bought a new position in iShares S&P 500 BuyWrite ETF in the 1st quarter valued at $227,000. Insight Wealth Strategies LLC bought a new position in shares of iShares S&P 500 BuyWrite ETF in the first quarter valued at about $303,000. Finally, OneDigital Investment Advisors LLC raised its holdings in shares of iShares S&P 500 BuyWrite ETF by 242.0% in the first quarter. OneDigital Investment Advisors LLC now owns 15,450 shares of the company’s stock valued at $718,000 after buying an additional 10,933 shares during the last quarter.

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.