iShares Large Cap Moderate Buffer ETF (NYSEARCA:IVVM) Trading Down 0.5% – Here’s Why

iShares Large Cap Moderate Buffer ETF (NYSEARCA:IVVM)’s share price traded down 0.5% during mid-day trading on Wednesday . The company traded as low as $34.79 and last traded at $34.79. 35,688 shares traded hands during trading, an increase of 40% from the average session volume of 25,423 shares. The stock had previously closed at $34.98.

iShares Large Cap Moderate Buffer ETF Stock Performance

The company’s 50-day moving average price is $34.71 and its 200 day moving average price is $33.81. The stock has a market capitalization of $140.55 million, a PE ratio of 24.56 and a beta of 0.52.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares Large Cap Moderate Buffer ETF stock. Captrust Financial Advisors lifted its position in iShares Large Cap Moderate Buffer ETF (NYSEARCA:IVVM) by 6.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 349,413 shares of the company’s stock after acquiring an additional 22,247 shares during the period. Captrust Financial Advisors owned 8.65% of iShares Large Cap Moderate Buffer ETF worth $11,950,000 as of its most recent SEC filing.

About iShares Large Cap Moderate Buffer ETF

The iShares Large Cap Moderate Buffer ETF (IVVM) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks to participate in the price movement of US large-cap stocks, up to a cap, while applying a 5% buffer against losses, over each calendar quarter. The actively managed fund holds a bundle of iShares Core S&P 500 ETF flex options. IVVM was launched on Jun 28, 2023 and is managed by BlackRock.