iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) Shares Down 2.3% – Here’s Why

Shares of iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) fell 2.3% during trading on Wednesday . The company traded as low as $49.57 and last traded at $49.57. 12,281 shares were traded during mid-day trading, an increase of 98% from the average session volume of 6,196 shares. The stock had previously closed at $50.74.

iShares S&P 500 BuyWrite ETF Stock Down 2.3 %

The firm’s fifty day moving average is $50.01 and its two-hundred day moving average is $49.76.

iShares S&P 500 BuyWrite ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, November 7th. Investors of record on Monday, November 4th were paid a $0.6205 dividend. The ex-dividend date was Monday, November 4th.

Institutional Trading of iShares S&P 500 BuyWrite ETF

Large investors have recently bought and sold shares of the company. Cetera Investment Advisers bought a new stake in shares of iShares S&P 500 BuyWrite ETF during the 2nd quarter valued at $1,338,000. Alaska Wealth Advisors bought a new stake in iShares S&P 500 BuyWrite ETF during the third quarter worth about $194,000. Finally, Alaska Permanent Capital Management purchased a new stake in iShares S&P 500 BuyWrite ETF in the third quarter worth about $122,000.

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.