Main BuyWrite ETF (BATS:BUYW) Announces Monthly Dividend of $0.07

Main BuyWrite ETF (BATS:BUYW) announced a monthly dividend on Monday, September 22nd. Investors of record on Tuesday, September 23rd will be given a dividend of 0.0711 per share on Monday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Tuesday, September 23rd. This is a 0.3% increase from Main BuyWrite ETF’s previous monthly dividend of $0.07.

Main BuyWrite ETF Trading Up 0.6%

BUYW traded up $0.08 on Tuesday, reaching $14.17. The company had a trading volume of 188,047 shares, compared to its average volume of 212,459. The company has a fifty day moving average of $14.17 and a 200-day moving average of $13.90. The company has a market capitalization of $730.32 million, a P/E ratio of 24.65 and a beta of 0.30. Main BuyWrite ETF has a one year low of $12.45 and a one year high of $14.19.

Hedge Funds Weigh In On Main BuyWrite ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC bought a new position in shares of Main BuyWrite ETF during the 1st quarter valued at about $291,000. First Horizon Advisors Inc. boosted its position in shares of Main BuyWrite ETF by 2.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 51,555 shares of the company’s stock valued at $724,000 after purchasing an additional 1,296 shares in the last quarter. Virtue Capital Management LLC boosted its position in shares of Main BuyWrite ETF by 1.3% during the 4th quarter. Virtue Capital Management LLC now owns 1,210,642 shares of the company’s stock valued at $16,876,000 after purchasing an additional 16,077 shares in the last quarter. Finally, Main Management LLC boosted its position in shares of Main BuyWrite ETF by 2.5% during the 2nd quarter. Main Management LLC now owns 7,408,266 shares of the company’s stock valued at $104,012,000 after purchasing an additional 178,983 shares in the last quarter.

Main BuyWrite ETF Company Profile

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.