iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) Stock Price Down 2.3% – What’s Next?

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

iShares S&P 500 BuyWrite ETF Trading Up -1.4 %

The company’s 50-day simple moving average is $50.01 and its 200-day simple moving average is $49.76.

iShares S&P 500 BuyWrite ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, November 7th. Shareholders of record on Monday, November 4th were given a dividend of $0.6205 per share. The ex-dividend date of this dividend was Monday, November 4th.

Institutional Trading of iShares S&P 500 BuyWrite ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Alaska Permanent Capital Management acquired a new position in shares of iShares S&P 500 BuyWrite ETF in the third quarter valued at approximately $122,000. Alaska Wealth Advisors acquired a new stake in iShares S&P 500 BuyWrite ETF during the third quarter worth approximately $194,000. Finally, Cetera Investment Advisers bought a new position in iShares S&P 500 BuyWrite ETF during the 2nd quarter worth $1,338,000.

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.