iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) Trading Up 0.3% – Should You Buy?

iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) were up 0.3% during trading on Monday . The stock traded as high as $46.55 and last traded at $46.49. Approximately 5,043 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 12,974 shares. The stock had previously closed at $46.34.

iShares S&P 500 BuyWrite ETF Price Performance

The business’s 50-day simple moving average is $48.58 and its two-hundred day simple moving average is $49.35. The stock has a market capitalization of $37.75 million, a price-to-earnings ratio of 24.91 and a beta of 0.60.

Institutional Investors Weigh In On iShares S&P 500 BuyWrite ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. OneDigital Investment Advisors LLC acquired a new position in iShares S&P 500 BuyWrite ETF during the 4th quarter worth approximately $221,000. Granite Bay Wealth Management LLC acquired a new position in shares of iShares S&P 500 BuyWrite ETF during the fourth quarter worth $1,003,000. Cetera Investment Advisers grew its holdings in iShares S&P 500 BuyWrite ETF by 108.0% during the 4th quarter. Cetera Investment Advisers now owns 51,743 shares of the company’s stock valued at $2,533,000 after purchasing an additional 26,868 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in iShares S&P 500 BuyWrite ETF by 0.3% during the 4th quarter. Assetmark Inc. now owns 90,135 shares of the company’s stock valued at $4,413,000 after purchasing an additional 285 shares in the last quarter.

iShares S&P 500 BuyWrite ETF Company Profile

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.