iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) Stock Price Down 0.1%

iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW)’s share price were down 0.1% on Friday . The company traded as low as $50.15 and last traded at $50.15. Approximately 1,014 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 5,620 shares. The stock had previously closed at $50.17.

iShares S&P 500 BuyWrite ETF Stock Performance

The company’s 50-day moving average price is $49.58.

Institutional Investors Weigh In On iShares S&P 500 BuyWrite ETF

An institutional investor recently bought a new position in iShares S&P 500 BuyWrite ETF stock. Cetera Investment Advisers purchased a new position in iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,849 shares of the company’s stock, valued at approximately $1,338,000. Cetera Investment Advisers owned about 7.90% of iShares S&P 500 BuyWrite ETF as of its most recent SEC filing.

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.