iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) Stock Price Up 0.1% – Here’s What Happened

iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW)’s stock price rose 0.1% during trading on Friday . The stock traded as high as $47.18 and last traded at $47.07. Approximately 14,677 shares traded hands during trading, an increase of 16% from the average daily volume of 12,645 shares. The stock had previously closed at $47.02.

iShares S&P 500 BuyWrite ETF Price Performance

The company has a market capitalization of $197.69 million, a P/E ratio of 25.38 and a beta of 0.63. The company has a fifty day moving average price of $46.21 and a 200 day moving average price of $45.50.

Hedge Funds Weigh In On iShares S&P 500 BuyWrite ETF

Several institutional investors have recently made changes to their positions in the stock. Assetmark Inc. grew its holdings in shares of iShares S&P 500 BuyWrite ETF by 0.7% during the second quarter. Assetmark Inc. now owns 89,868 shares of the company’s stock valued at $4,131,000 after purchasing an additional 625 shares during the last quarter. Insight Wealth Strategies LLC raised its holdings in shares of iShares S&P 500 BuyWrite ETF by 58.5% during the second quarter. Insight Wealth Strategies LLC now owns 10,312 shares of the company’s stock valued at $474,000 after buying an additional 3,804 shares during the last quarter. Samalin Investment Counsel LLC bought a new stake in shares of iShares S&P 500 BuyWrite ETF during the second quarter valued at approximately $201,000. Janney Montgomery Scott LLC bought a new stake in shares of iShares S&P 500 BuyWrite ETF during the first quarter valued at approximately $212,000. Finally, OLD Mission Capital LLC bought a new stake in shares of iShares S&P 500 BuyWrite ETF during the first quarter valued at approximately $227,000.

About iShares S&P 500 BuyWrite ETF

The iShares S&P 500 BuyWrite ETF (IVVW) is an exchange-traded fund that mostly invests in large cap equity. The fund is passively managed, aiming to participate in the price movement of US large-cap stocks, up to a certain cap, while also providing enhanced monthly income through a covered call option writing strategy.