iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) Stock Price Down 0.2%

iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) shares were down 0.2% during mid-day trading on Thursday . The stock traded as low as $49.11 and last traded at $49.11. Approximately 804 shares were traded during trading, a decline of 87% from the average daily volume of 6,151 shares. The stock had previously closed at $49.22.

iShares S&P 500 BuyWrite ETF Stock Performance

The firm’s fifty day moving average price is $49.62.

Hedge Funds 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) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 26,849 shares of the company’s stock, valued at approximately $1,338,000. Cetera Investment Advisers owned 7.90% of iShares S&P 500 BuyWrite ETF at the end of the most recent quarter.

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.