iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW) Trading 1.3% Higher – Here’s Why

iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMWGet Free Report)’s share price rose 1.3% on Friday . The company traded as high as $39.38 and last traded at $39.16. Approximately 10,938 shares traded hands during trading, a decline of 48% from the average daily volume of 20,835 shares. The stock had previously closed at $38.64.

iShares Russell 2000 BuyWrite ETF Price Performance

The company has a fifty day simple moving average of $39.43 and a two-hundred day simple moving average of $39.83. The company has a market capitalization of $44.64 million, a P/E ratio of 15.60 and a beta of 0.93.

Institutional Trading of iShares Russell 2000 BuyWrite ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IWMW. International Assets Investment Management LLC bought a new position in shares of iShares Russell 2000 BuyWrite ETF during the 4th quarter worth about $39,000. UMB Bank n.a. acquired a new stake in iShares Russell 2000 BuyWrite ETF during the fourth quarter worth about $395,000. Jane Street Group LLC acquired a new stake in iShares Russell 2000 BuyWrite ETF during the fourth quarter worth about $230,000. Finally, Osaic Holdings Inc. bought a new position in iShares Russell 2000 BuyWrite ETF during the second quarter valued at about $31,000.

iShares Russell 2000 BuyWrite ETF Company Profile

(Get Free Report)

The iShares Russell 2000 BuyWrite ETF (IWMW) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is a fund-of-funds that employs a covered call strategy on the Russell 2000 index for income, focusing on small-cap US stocks. The fund aims to distribute monthly income from option premiums and dividends. IWMW was launched on Mar 14, 2024 and is issued by BlackRock.

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