iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW – Get Free Report)’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 – Free Report) 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.
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