iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) Shares Down 0.1% – Should You Sell?

Shares of iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) were down 0.1% during trading on Wednesday . The company traded as low as $49.19 and last traded at $49.26. Approximately 29,387 shares traded hands during trading, an increase of 191% from the average daily volume of 10,089 shares. The stock had previously closed at $49.31.

iShares S&P 500 BuyWrite ETF Trading Down 0.1 %

The business’s 50-day simple moving average is $49.69 and its 200-day simple moving average is $49.84. The company has a market cap of $35.47 million, a PE ratio of 26.97 and a beta of 0.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Alaska Permanent Capital Management bought a new position in iShares S&P 500 BuyWrite ETF in the 3rd quarter valued at $122,000. Alaska Wealth Advisors acquired a new position in iShares S&P 500 BuyWrite ETF during the third quarter worth $194,000. OneDigital Investment Advisors LLC bought a new stake in iShares S&P 500 BuyWrite ETF during the fourth quarter worth $221,000. Granite Bay Wealth Management LLC bought a new position in iShares S&P 500 BuyWrite ETF during the fourth quarter worth about $1,003,000. Finally, Cetera Investment Advisers raised its stake in iShares S&P 500 BuyWrite ETF by 108.0% in the 4th quarter. Cetera Investment Advisers now owns 51,743 shares of the company’s stock valued at $2,533,000 after acquiring an additional 26,868 shares during the period.

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.