Main BuyWrite ETF (BATS:BUYW) Trading Up 0.3% – Here’s What Happened

Main BuyWrite ETF (BATS:BUYW) was up 0.3% during mid-day trading on Monday . The company traded as high as $13.96 and last traded at $13.96. Approximately 99,894 shares traded hands during trading, The stock had previously closed at $13.92.

Main BuyWrite ETF Price Performance

The firm has a market capitalization of $451.55 million, a price-to-earnings ratio of 21.55 and a beta of 0.23. The firm’s 50 day moving average is $13.93 and its 200 day moving average is $13.83.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. First Horizon Advisors Inc. raised its holdings in Main BuyWrite ETF by 8.7% during the second quarter. First Horizon Advisors Inc. now owns 49,089 shares of the company’s stock worth $674,000 after acquiring an additional 3,922 shares in the last quarter. Virtue Capital Management LLC raised its stake in shares of Main BuyWrite ETF by 1.1% during the 3rd quarter. Virtue Capital Management LLC now owns 1,194,565 shares of the company’s stock worth $16,652,000 after purchasing an additional 13,353 shares in the last quarter. Finally, Main Management LLC boosted its holdings in shares of Main BuyWrite ETF by 5.7% in the 3rd quarter. Main Management LLC now owns 6,732,759 shares of the company’s stock valued at $93,855,000 after buying an additional 361,273 shares during the last quarter.

About Main BuyWrite ETF

The Main Buywrite ETF (BUYW) is an exchange-traded fund that mostly invests in total market equity. The fund seeks risk-adjusted total returns by actively investing in global equity ETFs combined with an option writing strategy. BUYW was launched on Dec 29, 2015 and is managed by Main Funds.