iShares Large Cap Moderate Buffer ETF (NYSEARCA:IVVM) Stock Price Down 0.1% – Here’s What Happened

Shares of iShares Large Cap Moderate Buffer ETF (NYSEARCA:IVVM) were down 0.1% on Friday . The stock traded as low as $34.72 and last traded at $34.79. Approximately 52,730 shares traded hands during trading, an increase of 64% from the average daily volume of 32,138 shares. The stock had previously closed at $34.84.

iShares Large Cap Moderate Buffer ETF Trading Down 0.1%

The company has a 50-day moving average of $34.99 and a 200-day moving average of $34.35. The company has a market capitalization of $144.73 million, a price-to-earnings ratio of 24.56 and a beta of 0.52.

Hedge Funds Weigh In On iShares Large Cap Moderate Buffer ETF

A hedge fund recently raised its stake in iShares Large Cap Moderate Buffer ETF stock. Captrust Financial Advisors boosted its stake in shares of iShares Large Cap Moderate Buffer ETF (NYSEARCA:IVVM) by 198.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 327,166 shares of the company’s stock after purchasing an additional 217,708 shares during the period. Captrust Financial Advisors owned approximately 10.10% of iShares Large Cap Moderate Buffer ETF worth $10,590,000 at the end of the most recent reporting period.

About iShares Large Cap Moderate Buffer ETF

The iShares Large Cap Moderate Buffer ETF (IVVM) 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 5% buffer against losses, over each calendar quarter. The actively managed fund holds a bundle of iShares Core S&P 500 ETF flex options. IVVM was launched on Jun 28, 2023 and is managed by BlackRock.