iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) Stock Price Up 0.2% – Time to Buy?

Shares of iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) shot up 0.2% during trading on Thursday . The stock traded as high as $45.74 and last traded at $45.70. 14,663 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 14,091 shares. The stock had previously closed at $45.60.

iShares S&P 500 BuyWrite ETF Trading Up 0.5%

The business’s fifty day moving average price is $46.22 and its two-hundred day moving average price is $45.86. The firm has a market cap of $195.75 million, a P/E ratio of 25.38 and a beta of 0.63.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. OLD Mission Capital LLC bought a new position in iShares S&P 500 BuyWrite ETF in the 1st quarter worth $227,000. Sumitomo Life Insurance Co. acquired a new stake in shares of iShares S&P 500 BuyWrite ETF in the second quarter valued at about $139,278,000. Insight Wealth Strategies LLC increased its stake in shares of iShares S&P 500 BuyWrite ETF by 58.5% in the second quarter. Insight Wealth Strategies LLC now owns 10,312 shares of the company’s stock worth $474,000 after purchasing an additional 3,804 shares during the period. Granite Bay Wealth Management LLC lifted its position in shares of iShares S&P 500 BuyWrite ETF by 55.2% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 42,764 shares of the company’s stock worth $1,966,000 after purchasing an additional 15,216 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of iShares S&P 500 BuyWrite ETF by 11.3% during the 2nd quarter. Cetera Investment Advisers now owns 74,618 shares of the company’s stock worth $3,430,000 after purchasing an additional 7,587 shares during the last 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. 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.