Main BuyWrite ETF $BUYW Position Increased by Virtue Capital Management LLC

Virtue Capital Management LLC grew its position in shares of Main BuyWrite ETF (BATS:BUYW) by 3.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,246,072 shares of the company’s stock after purchasing an additional 41,426 shares during the period. Main BuyWrite ETF makes up about 3.2% of Virtue Capital Management LLC’s holdings, making the stock its 9th largest holding. Virtue Capital Management LLC owned about 2.42% of Main BuyWrite ETF worth $17,495,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. raised its holdings in shares of Main BuyWrite ETF by 2.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 51,555 shares of the company’s stock valued at $724,000 after buying an additional 1,296 shares during the period. Kingswood Wealth Advisors LLC grew its position in Main BuyWrite ETF by 15.7% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 24,531 shares of the company’s stock valued at $344,000 after acquiring an additional 3,323 shares in the last quarter. Finally, Main Management LLC increased its stake in Main BuyWrite ETF by 2.5% during the second quarter. Main Management LLC now owns 7,408,266 shares of the company’s stock worth $104,012,000 after purchasing an additional 178,983 shares during the period.

Main BuyWrite ETF Stock Performance

Shares of BUYW opened at $14.22 on Friday. Main BuyWrite ETF has a 1 year low of $12.45 and a 1 year high of $14.19. The company’s 50-day simple moving average is $14.20 and its 200-day simple moving average is $14.12. The stock has a market capitalization of $732.64 million, a PE ratio of 24.65 and a beta of 0.30.

Main BuyWrite ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 21st were issued a $0.0708 dividend. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Friday, November 21st.

Main BuyWrite ETF 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.