iShares Large Cap Deep Buffer ETF (NYSEARCA:IVVB) Shares Up 0.4% – Here’s Why

Shares of iShares Large Cap Deep Buffer ETF (NYSEARCA:IVVB) were up 0.4% during mid-day trading on Thursday . The stock traded as high as $33.44 and last traded at $33.36. Approximately 7,795 shares changed hands during trading, a decline of 56% from the average daily volume of 17,821 shares. The stock had previously closed at $33.23.

iShares Large Cap Deep Buffer ETF Price Performance

The stock has a market capitalization of $129.44 million, a P/E ratio of 24.72 and a beta of 0.70. The company’s 50 day simple moving average is $33.30 and its two-hundred day simple moving average is $32.63.

Institutional Investors Weigh In On iShares Large Cap Deep Buffer ETF

A hedge fund recently raised its stake in iShares Large Cap Deep Buffer ETF stock. Captrust Financial Advisors increased its stake in shares of iShares Large Cap Deep Buffer ETF (NYSEARCA:IVVB) by 9.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 412,398 shares of the company’s stock after purchasing an additional 34,051 shares during the quarter. Captrust Financial Advisors owned about 11.33% of iShares Large Cap Deep Buffer ETF worth $13,494,000 at the end of the most recent quarter.

iShares Large Cap Deep Buffer ETF Company Profile

The iShares Large Cap Deep Buffer ETF (IVVB) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks to participate in the price movement of US large-cap stocks, up to a cap, while applying a downside hedge against declines occurring in the range of 5-20%, during a calendar quarter. The actively managed fund holds a bundle of iShares Core S&P 500 ETF flex options. IVVB was launched on Jun 28, 2023 and is managed by BlackRock.