iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Trading Up 0.4% – Here’s What Happened

Shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) shot up 0.4% during mid-day trading on Tuesday . The stock traded as high as $29.54 and last traded at $29.51. 18,083 shares changed hands during trading, a decline of 83% from the average session volume of 105,206 shares. The stock had previously closed at $29.40.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Price Performance

The stock has a market capitalization of $221.33 million, a PE ratio of 10.56 and a beta of 0.24. The business’s fifty day moving average price is $29.84 and its 200-day moving average price is $29.99.

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. Private Trust Co. NA increased its position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 45.4% during the fourth 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 in the last quarter. JPMorgan Chase & Co. lifted its position in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 1.2% in the 4th quarter. JPMorgan Chase & Co. now owns 177,335 shares of the company’s stock valued at $5,295,000 after acquiring an additional 2,118 shares in the last quarter. Arax Advisory Partners bought a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF in the 4th quarter valued at approximately $337,000. Arkadios Wealth Advisors purchased a new stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 4th quarter valued at $500,000. Finally, RiverFront Investment Group LLC boosted its stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 148.5% during the 2nd quarter. RiverFront Investment Group LLC now owns 34,874 shares of the company’s stock valued at $1,067,000 after purchasing an additional 20,843 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.