iShares Large Cap Moderate Quarterly Laddered ETF (BATS:IVVM) Trading Down 0.6% – Here’s What Happened

iShares Large Cap Moderate Quarterly Laddered ETF (BATS:IVVM) dropped 0.6% during trading on Tuesday . The stock traded as low as $36.60 and last traded at $36.65. Approximately 59,336 shares were traded during mid-day trading, an increase of 101% from the average daily volume of 29,592 shares. The stock had previously closed at $36.88.

iShares Large Cap Moderate Quarterly Laddered ETF Stock Performance

The company’s 50-day moving average price is $36.44 and its 200 day moving average price is $35.36. The stock has a market capitalization of $102.62 million, a PE ratio of 24.56 and a beta of 0.54.

Hedge Funds Weigh In On iShares Large Cap Moderate Quarterly Laddered ETF

An institutional investor recently raised its stake in iShares Large Cap Moderate Quarterly Laddered ETF stock. Captrust Financial Advisors grew its stake in shares of iShares Large Cap Moderate Quarterly Laddered ETF (BATS:IVVM) by 6.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 349,413 shares of the company’s stock after acquiring an additional 22,247 shares during the quarter. Captrust Financial Advisors owned about 8.65% of iShares Large Cap Moderate Quarterly Laddered ETF worth $11,950,000 as of its most recent SEC filing.

About iShares Large Cap Moderate Quarterly Laddered ETF

The iShares Large Cap Moderate Buffer ETF (IVVM) 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 5% buffer against losses, over each calendar quarter. The actively managed fund holds a bundle of iShares Core S&P 500 ETF flex options. IVVM was launched on Jun 28, 2023 and is managed by BlackRock.