iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Shares Down 0.2% – Here’s What Happened

Shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) traded down 0.2% on Monday . The company traded as low as $29.87 and last traded at $29.88. 16,380 shares changed hands during trading, a decline of 87% from the average session volume of 124,228 shares. The stock had previously closed at $29.95.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Stock Down 0.2%

The firm has a market cap of $224.10 million, a P/E ratio of 10.56 and a beta of 0.24. The business’s 50 day moving average is $29.92 and its 200-day moving average is $30.05.

Institutional Investors Weigh In On iShares High Yield Corporate Bond BuyWrite Strategy ETF

A number of institutional investors have recently modified their holdings of the stock. RiverFront Investment Group LLC increased its holdings in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 148.5% in the second quarter. RiverFront Investment Group LLC now owns 34,874 shares of the company’s stock valued at $1,067,000 after buying an additional 20,843 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings 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 worth $5,955,000 after buying an additional 62,234 shares during the last quarter. Arax Advisory Partners acquired a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF in the 4th quarter worth approximately $337,000. Arkadios Wealth Advisors bought a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF in the 4th quarter valued at approximately $500,000. Finally, Private Trust Co. NA increased its holdings in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 45.4% in the 4th quarter. Private Trust Co. NA now owns 2,104 shares of the company’s stock valued at $63,000 after acquiring an additional 657 shares during the last quarter.

About iShares High Yield Corporate Bond BuyWrite Strategy ETF

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.