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

Main BuyWrite ETF (BATS:BUYW) announced a monthly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be given a dividend of 0.0727 per share on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Thursday, September 24th.

Main BuyWrite ETF Stock Performance

Shares of BUYW stock opened at $14.46 on Thursday. Main BuyWrite ETF has a 52-week low of $13.84 and a 52-week high of $14.66. The stock has a market cap of $745.01 million, a price-to-earnings ratio of 24.65 and a beta of 0.30. The firm has a fifty day moving average of $14.57 and a 200-day moving average of $14.43.

Institutional Investors Weigh In On Main BuyWrite ETF

An institutional investor recently raised its stake in Main BuyWrite ETF stock. Silver Grove Financial Group Inc. increased its position in shares of Main BuyWrite ETF (BATS:BUYW) by 14.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,803 shares of the company’s stock after acquiring an additional 9,361 shares during the quarter. Silver Grove Financial Group Inc. owned about 0.15% of Main BuyWrite ETF worth $1,086,000 at the end of the most recent 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.