iShares Large Cap Moderate Quarterly Laddered ETF (BATS:IVVM) Stock Price Down 0.2% – Here’s Why

Shares of iShares Large Cap Moderate Quarterly Laddered ETF (BATS:IVVM) dropped 0.2% during trading on Tuesday . The company traded as low as $34.60 and last traded at $34.65. Approximately 13,042 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 25,468 shares. The stock had previously closed at $34.71.

iShares Large Cap Moderate Quarterly Laddered ETF Trading Down 0.2%

The company has a market cap of $97.02 million, a price-to-earnings ratio of 24.56 and a beta of 0.54. The company has a fifty day moving average price of $34.96 and a two-hundred day moving average price of $34.56.

iShares Large Cap Moderate Quarterly Laddered ETF Company Profile

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.