iShares Large Cap Deep Buffer ETF (NYSEARCA:IVVB) Shares Up 0.4% – What’s Next?

Shares of iShares Large Cap Deep Buffer ETF (NYSEARCA:IVVB) shot up 0.4% during trading on Thursday . The company traded as high as $33.44 and last traded at $33.36. 7,795 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 17,821 shares. The stock had previously closed at $33.23.

iShares Large Cap Deep Buffer ETF Trading Up 0.4%

The firm’s 50 day moving average price is $33.29 and its two-hundred day moving average price is $32.61. The company has a market capitalization of $129.44 million, a price-to-earnings ratio of 24.72 and a beta of 0.70.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in iShares Large Cap Deep Buffer ETF stock. Planned Solutions Inc. raised its holdings in shares of iShares Large Cap Deep Buffer ETF (NYSEARCA:IVVB) by 1.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 186,318 shares of the company’s stock after purchasing an additional 2,126 shares during the quarter. iShares Large Cap Deep Buffer ETF makes up 2.2% of Planned Solutions Inc.’s holdings, making the stock its 13th biggest position. Planned Solutions Inc. owned about 2.49% of iShares Large Cap Deep Buffer ETF worth $5,778,000 as of its most recent SEC filing.

About iShares Large Cap Deep Buffer ETF

The iShares Large Cap Deep Buffer ETF (IVVB) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks to participate in the price movement of US large-cap stocks, up to a cap, while applying a downside hedge against declines occurring in the range of 5-20%, during a calendar quarter. The actively managed fund holds a bundle of iShares Core S&P 500 ETF flex options. IVVB was launched on Jun 28, 2023 and is managed by BlackRock.