iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Stock Price Up 0.8% – Time to Buy?

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) shot up 0.8% during trading on Friday . The stock traded as high as $29.83 and last traded at $30.0040. 48,119 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 52,973 shares. The stock had previously closed at $29.78.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Stock Up 0.8%

The firm’s 50-day moving average price is $29.94 and its 200 day moving average price is $30.10. The firm has a market cap of $225.03 million, a P/E ratio of 10.56 and a beta of 0.24.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 47.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 194,549 shares of the company’s stock valued at $5,955,000 after purchasing an additional 62,234 shares during the last quarter. RiverFront Investment Group LLC grew its position in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 148.5% in the 2nd quarter. RiverFront Investment Group LLC now owns 34,874 shares of the company’s stock worth $1,067,000 after purchasing an additional 20,843 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 45.4% during the 4th quarter. Private Trust Co. NA now owns 2,104 shares of the company’s stock worth $63,000 after purchasing an additional 657 shares during the period.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Company Profile

The iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) is an exchange-traded fund that is based on the Cboe HYG BuyWrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares High Yield Corporate Bond ETF and writing one-month call options against the shares. HYGW was launched on Aug 18, 2022 and is managed by BlackRock.