iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its stake in shares of iShares S&P 500 BuyWrite ETF (NYSEARCA:IVVW) by 7.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,472 shares of the company’s stock after selling 2,132 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares S&P 500 BuyWrite ETF were worth $1,277,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its stake in shares of iShares S&P 500 BuyWrite ETF by 108.0% in the 4th quarter. Cetera Investment Advisers now owns 51,743 shares of the company’s stock worth $2,533,000 after acquiring an additional 26,868 shares during the period. Granite Bay Wealth Management LLC raised its holdings in iShares S&P 500 BuyWrite ETF by 34.5% during the first quarter. Granite Bay Wealth Management LLC now owns 27,548 shares of the company’s stock worth $1,281,000 after purchasing an additional 7,060 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in iShares S&P 500 BuyWrite ETF by 242.0% in the first quarter. OneDigital Investment Advisors LLC now owns 15,450 shares of the company’s stock valued at $718,000 after purchasing an additional 10,933 shares during the period. Insight Wealth Strategies LLC purchased a new stake in iShares S&P 500 BuyWrite ETF in the 1st quarter valued at approximately $303,000. Finally, Janney Montgomery Scott LLC purchased a new stake in iShares S&P 500 BuyWrite ETF in the 1st quarter valued at approximately $212,000.

iShares S&P 500 BuyWrite ETF Trading Down 0.9%

Shares of IVVW stock opened at $45.52 on Friday. The stock has a 50 day simple moving average of $45.36 and a 200-day simple moving average of $46.30. The company has a market cap of $181.17 million, a price-to-earnings ratio of 25.38 and a beta of 0.60. iShares S&P 500 BuyWrite ETF has a 12-month low of $38.57 and a 12-month high of $51.19.

iShares S&P 500 BuyWrite ETF Company Profile

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.