iShares Large Cap Deep Buffer ETF (NYSEARCA:IVVB) Trading Down 0.1% – Here’s What Happened

iShares Large Cap Deep Buffer ETF (NYSEARCA:IVVB)’s share price traded down 0.1% during trading on Friday . The stock traded as low as $33.07 and last traded at $33.13. 10,148 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 16,848 shares. The stock had previously closed at $33.16.

iShares Large Cap Deep Buffer ETF Stock Down 0.1%

The firm has a market cap of $128.54 million, a PE ratio of 24.72 and a beta of 0.70. The business has a 50 day simple moving average of $33.40 and a two-hundred day simple moving average of $32.85.

Institutional Investors Weigh In On iShares Large Cap Deep Buffer ETF

A hedge fund recently raised its stake in iShares Large Cap Deep Buffer ETF stock. Planned Solutions Inc. grew its stake in iShares Large Cap Deep Buffer ETF (NYSEARCA:IVVB) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,318 shares of the company’s stock after acquiring an additional 2,126 shares during the period. iShares Large Cap Deep Buffer ETF accounts for 2.2% of Planned Solutions Inc.’s holdings, making the stock its 13th biggest holding. Planned Solutions Inc. owned about 2.49% of iShares Large Cap Deep Buffer ETF worth $5,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About iShares Large Cap Deep Buffer ETF

The iShares Large Cap Deep Buffer ETF (IVVB) 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 downside hedge against declines occurring in the range of 5-20%, during a calendar quarter. The actively managed fund holds a bundle of iShares Core S&P 500 ETF flex options. IVVB was launched on Jun 28, 2023 and is managed by BlackRock.