iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) Shares Down 0.1%

iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW)’s stock price dropped 0.1% during mid-day trading on Friday . The company traded as low as $50.15 and last traded at $50.15. Approximately 1,014 shares were traded during trading, a decline of 82% from the average daily volume of 5,620 shares. The stock had previously closed at $50.17.

iShares S&P 500 BuyWrite ETF Stock Performance

The business has a fifty day moving average of $49.58.

Institutional Trading of 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) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 26,849 shares of the company’s stock, valued at approximately $1,338,000. Cetera Investment Advisers owned approximately 7.90% of iShares S&P 500 BuyWrite ETF as of its most recent filing with the Securities and Exchange Commission.

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.