iShares S&P 500 BuyWrite ETF (BATS:IVVW) Stock Price Down 0.2% – Should You Sell?

iShares S&P 500 BuyWrite ETF (BATS:IVVW)’s share price fell 0.2% during trading on Friday . The company traded as low as $45.34 and last traded at $45.50. 12,650 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 33,360 shares. The stock had previously closed at $45.57.

iShares S&P 500 BuyWrite ETF Trading Down 0.2%

The stock has a market cap of $178.36 million, a price-to-earnings ratio of 25.38 and a beta of 0.60. The stock’s 50 day moving average is $45.60 and its two-hundred day moving average is $45.93.

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.