iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW) Shares Up 1.3% – Here’s Why

iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW) rose 1.3% during mid-day trading on Friday . The company traded as high as $39.38 and last traded at $39.16. Approximately 10,938 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 20,835 shares. The stock had previously closed at $38.64.

iShares Russell 2000 BuyWrite ETF Stock Up 1.3%

The firm has a market capitalization of $44.64 million, a PE ratio of 15.60 and a beta of 0.93. The firm has a 50-day moving average price of $39.43 and a 200 day moving average price of $39.83.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of IWMW. Osaic Holdings Inc. acquired a new stake in shares of iShares Russell 2000 BuyWrite ETF during the second quarter worth $31,000. International Assets Investment Management LLC acquired a new stake in shares of iShares Russell 2000 BuyWrite ETF in the 4th quarter worth $39,000. Jane Street Group LLC acquired a new stake in shares of iShares Russell 2000 BuyWrite ETF in the 4th quarter worth $230,000. Finally, UMB Bank n.a. purchased a new stake in shares of iShares Russell 2000 BuyWrite ETF in the fourth quarter valued at about $395,000.

About iShares Russell 2000 BuyWrite ETF

The iShares Russell 2000 BuyWrite ETF (IWMW) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is a fund-of-funds that employs a covered call strategy on the Russell 2000 index for income, focusing on small-cap US stocks. The fund aims to distribute monthly income from option premiums and dividends. IWMW was launched on Mar 14, 2024 and is issued by BlackRock.