iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) Shares Down 0.7% – What’s Next?

iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) were down 0.7% during mid-day trading on Tuesday . The company traded as low as $49.60 and last traded at $49.77. Approximately 4,874 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 6,972 shares. The stock had previously closed at $50.14.

iShares S&P 500 BuyWrite ETF Price Performance

The stock’s 50 day moving average price is $49.90 and its 200 day moving average price is $49.72.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in IVVW. Alaska Permanent Capital Management bought a new stake in iShares S&P 500 BuyWrite ETF in the 3rd quarter valued at about $122,000. Alaska Wealth Advisors bought a new position in iShares S&P 500 BuyWrite ETF during the 3rd quarter valued at $194,000. Granite Bay Wealth Management LLC purchased a new position in iShares S&P 500 BuyWrite ETF during the fourth quarter worth about $1,003,000. Finally, Cetera Investment Advisers bought a new position in shares of iShares S&P 500 BuyWrite ETF in the second quarter valued at approximately $1,338,000.

iShares S&P 500 BuyWrite ETF Company Profile

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.