iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW) Shares Down 4.1% – Should You Sell?

iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW) shares fell 4.1% on Wednesday . The stock traded as low as $44.91 and last traded at $45.14. 7,472 shares changed hands during trading, an increase of 144% from the average session volume of 3,068 shares. The stock had previously closed at $47.09.

iShares Russell 2000 BuyWrite ETF Stock Performance

The company’s 50-day moving average price is $46.83 and its two-hundred day moving average price is $46.35.

iShares Russell 2000 BuyWrite ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, November 7th. Stockholders of record on Monday, November 4th were given a $0.8421 dividend. The ex-dividend date of this dividend was Monday, November 4th.

Hedge Funds Weigh In On iShares Russell 2000 BuyWrite ETF

An institutional investor recently bought a new position in iShares Russell 2000 BuyWrite ETF stock. Alaska Permanent Capital Management bought a new stake in shares of iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 2,507 shares of the company’s stock, valued at approximately $116,000. Alaska Permanent Capital Management owned 0.78% of iShares Russell 2000 BuyWrite ETF as of its most recent SEC filing.

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.