iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW) Stock Price Up 1.3% – Should You Buy?

iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW)’s stock price rose 1.3% on Friday . The stock traded as high as $39.38 and last traded at $39.16. Approximately 10,938 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 20,835 shares. The stock had previously closed at $38.64.

iShares Russell 2000 BuyWrite ETF Trading Up 1.3%

The firm’s 50-day simple moving average is $39.43 and its 200 day simple moving average is $39.83. The stock has a market cap of $44.64 million, a P/E ratio of 15.60 and a beta of 0.93.

Institutional Trading of iShares Russell 2000 BuyWrite ETF

Several institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. bought a new position in iShares Russell 2000 BuyWrite ETF during the second quarter valued at about $31,000. International Assets Investment Management LLC bought a new stake in iShares Russell 2000 BuyWrite ETF in the fourth quarter worth about $39,000. Jane Street Group LLC acquired a new stake in iShares Russell 2000 BuyWrite ETF in the 4th quarter valued at about $230,000. Finally, UMB Bank n.a. bought a new position in shares of iShares Russell 2000 BuyWrite ETF during the 4th quarter valued at about $395,000.

About iShares Russell 2000 BuyWrite ETF

The iShares Russell 2000 BuyWrite ETF (IWMW) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is a fund-of-funds that employs a covered call strategy on the Russell 2000 index for income, focusing on small-cap US stocks. The fund aims to distribute monthly income from option premiums and dividends. IWMW was launched on Mar 14, 2024 and is issued by BlackRock.