iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) Trading Up 0.2% – Here’s What Happened

Shares of iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) traded up 0.2% on Friday . The company traded as high as $45.82 and last traded at $45.82. 21,687 shares traded hands during trading, a decline of 50% from the average session volume of 42,981 shares. The stock had previously closed at $45.74.

iShares S&P 500 BuyWrite ETF Stock Up 0.2%

The stock has a market cap of $219.94 million, a price-to-earnings ratio of 25.38 and a beta of 0.63. The company’s fifty day moving average is $45.93 and its two-hundred day moving average is $45.94.

Hedge Funds Weigh In On iShares S&P 500 BuyWrite ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IVVW. Samalin Investment Counsel LLC purchased a new position in iShares S&P 500 BuyWrite ETF in the second quarter valued at about $201,000. Insight Wealth Strategies LLC grew its stake in shares of iShares S&P 500 BuyWrite ETF by 58.5% in the second quarter. Insight Wealth Strategies LLC now owns 10,312 shares of the company’s stock valued at $474,000 after buying an additional 3,804 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of iShares S&P 500 BuyWrite ETF by 596.2% in the second quarter. Osaic Holdings Inc. now owns 11,327 shares of the company’s stock valued at $526,000 after buying an additional 9,700 shares in the last quarter. Susquehanna International Group LLP raised its holdings in shares of iShares S&P 500 BuyWrite ETF by 40.4% during the 3rd quarter. Susquehanna International Group LLP now owns 17,108 shares of the company’s stock valued at $797,000 after buying an additional 4,926 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in iShares S&P 500 BuyWrite ETF by 3.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 28,067 shares of the company’s stock worth $1,307,000 after acquiring an additional 1,027 shares in the last quarter.

About iShares S&P 500 BuyWrite ETF

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. The fund-of-fund holds shares of the iShares Core S&P 500 ETF (IVV) while simultaneously writing one-month call options. IVVW was launched on Mar 14, 2024 and is issued by BlackRock.