iShares Large Cap Moderate Buffer ETF (NYSEARCA:IVVM) Trading Down 0.2% – Here’s What Happened

Shares of iShares Large Cap Moderate Buffer ETF (NYSEARCA:IVVM) were down 0.2% during trading on Tuesday . The company traded as low as $34.60 and last traded at $34.65. Approximately 13,042 shares traded hands during 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 Buffer ETF Stock Down 0.2%

The stock has a market cap of $144.14 million, a price-to-earnings ratio of 24.56 and a beta of 0.52. The stock has a fifty day moving average of $34.96 and a two-hundred day moving average of $34.57.

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 grew its position in iShares Large Cap Moderate Buffer ETF (NYSEARCA:IVVM) by 6.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,413 shares of the company’s stock after purchasing an additional 22,247 shares during the period. Captrust Financial Advisors owned approximately 8.65% of iShares Large Cap Moderate Buffer ETF worth $11,950,000 as of its most recent SEC filing.

iShares Large Cap Moderate Buffer 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.