iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) Trading 0.2% Higher – What’s Next?

iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) shot up 0.2% during trading on Friday . The stock traded as high as $45.82 and last traded at $45.82. 21,687 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 42,981 shares. The stock had previously closed at $45.74.

iShares S&P 500 BuyWrite ETF Price Performance

The company has a market capitalization of $219.94 million, a price-to-earnings ratio of 25.38 and a beta of 0.63. The firm’s 50-day simple moving average is $45.93 and its two-hundred day simple moving average is $45.94.

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

A number of institutional investors have recently modified their holdings of the company. Assetmark Inc. lifted its stake in shares of iShares S&P 500 BuyWrite ETF by 0.7% in the 2nd quarter. Assetmark Inc. now owns 89,868 shares of the company’s stock valued at $4,131,000 after purchasing an additional 625 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of iShares S&P 500 BuyWrite ETF by 3.8% during the third quarter. Envestnet Asset Management Inc. now owns 28,067 shares of the company’s stock worth $1,307,000 after buying an additional 1,027 shares in the last quarter. Insight Wealth Strategies LLC grew its holdings in iShares S&P 500 BuyWrite ETF by 22.9% during the 4th quarter. Insight Wealth Strategies LLC now owns 20,081 shares of the company’s stock worth $914,000 after acquiring an additional 3,746 shares in the last quarter. Samalin Investment Counsel LLC bought a new stake in iShares S&P 500 BuyWrite ETF in the second quarter valued at about $201,000. Finally, Susquehanna International Group LLP increased its holdings in shares of iShares S&P 500 BuyWrite ETF by 40.4% in the 3rd quarter. Susquehanna International Group LLP now owns 17,108 shares of the company’s stock valued at $797,000 after acquiring an additional 4,926 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. The fund-of-fund holds shares of the iShares Core S&P 500 ETF (IVV) while simultaneously writing one-month call options. IVVW was launched on Mar 14, 2024 and is issued by BlackRock.