iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) Stock Price Down 0.4% – Here’s Why

iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW)’s share price were down 0.4% during trading on Wednesday . The stock traded as low as $44.93 and last traded at $45.13. Approximately 40,562 shares changed hands during trading, an increase of 4% from the average daily volume of 38,968 shares. The stock had previously closed at $45.33.

iShares S&P 500 BuyWrite ETF Stock Performance

The company has a market cap of $226.55 million, a P/E ratio of 25.38 and a beta of 0.63. The stock has a 50-day moving average of $45.75 and a two-hundred day moving average of $45.96.

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

Several institutional investors and hedge funds have recently made changes to their positions in IVVW. Samalin Investment Counsel LLC purchased a new stake in iShares S&P 500 BuyWrite ETF during the second quarter valued at about $201,000. Osaic Holdings Inc. boosted its holdings in iShares S&P 500 BuyWrite ETF by 596.2% during the 2nd quarter. Osaic Holdings Inc. now owns 11,327 shares of the company’s stock valued at $526,000 after acquiring an additional 9,700 shares during the period. Insight Wealth Strategies LLC boosted its holdings in iShares S&P 500 BuyWrite ETF by 58.4% during the 3rd quarter. Insight Wealth Strategies LLC now owns 16,335 shares of the company’s stock valued at $761,000 after acquiring an additional 6,023 shares during the period. Susquehanna International Group LLP grew its position in iShares S&P 500 BuyWrite ETF by 40.4% during the 3rd quarter. Susquehanna International Group LLP now owns 17,108 shares of the company’s stock worth $797,000 after acquiring an additional 4,926 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in iShares S&P 500 BuyWrite ETF by 3.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 28,067 shares of the company’s stock worth $1,307,000 after purchasing an additional 1,027 shares during the period.

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. 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.