iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW) Stock Price Up 1% – Still a Buy?

Shares of iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW) were up 1% during trading on Thursday . The company traded as high as $45.27 and last traded at $45.27. Approximately 3,215 shares traded hands during trading, a decline of 14% from the average daily volume of 3,756 shares. The stock had previously closed at $44.82.

iShares Russell 2000 BuyWrite ETF Stock Performance

The business’s 50-day simple moving average is $45.21 and its 200 day simple moving average is $45.81.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares Russell 2000 BuyWrite ETF stock. Alaska Permanent Capital Management bought a new stake in iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,507 shares of the company’s stock, valued at approximately $116,000. Alaska Permanent Capital Management owned about 0.78% of iShares Russell 2000 BuyWrite ETF as of its most recent SEC filing.

iShares Russell 2000 BuyWrite ETF Company Profile

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.