iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) Stock Price Up 0.3% – Here’s Why

iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW)’s share price shot up 0.3% on Monday . The stock traded as high as $46.55 and last traded at $46.49. 5,043 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 12,974 shares. The stock had previously closed at $46.34.

iShares S&P 500 BuyWrite ETF Stock Down 1.3 %

The firm has a market capitalization of $37.75 million, a price-to-earnings ratio of 24.91 and a beta of 0.60. The stock’s 50 day moving average price is $48.58 and its two-hundred day moving average price is $49.35.

Hedge Funds Weigh In On iShares S&P 500 BuyWrite ETF

Several hedge funds have recently bought and sold shares of IVVW. Cetera Investment Advisers raised its holdings in iShares S&P 500 BuyWrite ETF by 108.0% in the 4th quarter. Cetera Investment Advisers now owns 51,743 shares of the company’s stock worth $2,533,000 after acquiring an additional 26,868 shares during the period. Granite Bay Wealth Management LLC acquired a new stake in shares of iShares S&P 500 BuyWrite ETF in the fourth quarter valued at about $1,003,000. OneDigital Investment Advisors LLC bought a new position in shares of iShares S&P 500 BuyWrite ETF in the fourth quarter worth about $221,000. Finally, Assetmark Inc. increased its stake in shares of iShares S&P 500 BuyWrite ETF by 0.3% in the fourth quarter. Assetmark Inc. now owns 90,135 shares of the company’s stock worth $4,413,000 after purchasing an additional 285 shares during the period.

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.