Main BuyWrite ETF Announces Monthly Dividend of $0.07 (BATS:BUYW)

Main BuyWrite ETF (BATS:BUYW) declared a monthly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be paid a dividend of 0.0727 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date is Thursday, September 24th.

Main BuyWrite ETF Trading Down 0.3%

BUYW opened at $14.55 on Thursday. The stock has a market capitalization of $749.91 million, a PE ratio of 24.65 and a beta of 0.30. Main BuyWrite ETF has a 1-year low of $13.84 and a 1-year high of $14.66. The firm has a 50-day moving average price of $14.57 and a two-hundred day moving average price of $14.43.

Institutional Trading of Main BuyWrite ETF

An institutional investor recently raised its position in Main BuyWrite ETF stock. Main Management LLC increased its holdings in shares of Main BuyWrite ETF (BATS:BUYW) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,036,358 shares of the company’s stock after buying an additional 403,560 shares during the quarter. Main BuyWrite ETF accounts for approximately 8.3% of Main Management LLC’s holdings, making the stock its 2nd largest holding. Main Management LLC owned 15.59% of Main BuyWrite ETF worth $115,081,000 at the end of the most recent quarter.

Main BuyWrite ETF Company Profile

The Main Buywrite ETF (BUYW) is an exchange-traded fund that mostly invests in total market equity. The fund seeks risk-adjusted total returns by actively investing in global equity ETFs combined with an option writing strategy. BUYW was launched on Dec 29, 2015 and is managed by Main Funds.