iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) Shares Down 0.5% – Should You Sell?

iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) traded down 0.5% during trading on Thursday . The stock traded as low as $45.45 and last traded at $45.57. 13,891 shares traded hands during trading, a decline of 59% from the average session volume of 33,905 shares. The stock had previously closed at $45.78.

iShares S&P 500 BuyWrite ETF Stock Performance

The stock has a 50 day moving average of $45.62 and a two-hundred day moving average of $45.93. The stock has a market cap of $230.58 million, a PE ratio of 25.38 and a beta of 0.63.

Institutional Investors Weigh In On iShares S&P 500 BuyWrite ETF

Large investors have recently made changes to their positions in the company. Samalin Investment Counsel LLC purchased a new stake in shares of iShares S&P 500 BuyWrite ETF in the 2nd quarter valued at approximately $201,000. Jane Street Group LLC acquired a new stake in iShares S&P 500 BuyWrite ETF during the 4th quarter valued at $442,000. Osaic Holdings Inc. raised its stake in iShares S&P 500 BuyWrite ETF by 596.2% during the 2nd quarter. Osaic Holdings Inc. now owns 11,327 shares of the company’s stock valued at $526,000 after purchasing an additional 9,700 shares during the period. Insight Wealth Strategies LLC lifted its holdings in shares of iShares S&P 500 BuyWrite ETF by 58.4% in the third quarter. Insight Wealth Strategies LLC now owns 16,335 shares of the company’s stock valued at $761,000 after purchasing an additional 6,023 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its position in shares of iShares S&P 500 BuyWrite ETF by 40.4% in the third quarter. Susquehanna International Group LLP now owns 17,108 shares of the company’s stock worth $797,000 after buying an additional 4,926 shares during the period.

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. The fund-of-fund holds shares of the iShares Core S&P 500 ETF (IVV) while simultaneously writing one-month call options. IVVW was launched on Mar 14, 2024 and is issued by BlackRock.