iShares Large Cap Deep Buffer ETF (NYSEARCA:IVVB) Trading Down 1% – Here’s Why

iShares Large Cap Deep Buffer ETF (NYSEARCA:IVVB) shares dropped 1% during mid-day trading on Wednesday . The company traded as low as $29.65 and last traded at $29.69. Approximately 23,279 shares traded hands during trading, a decline of 80% from the average daily volume of 115,458 shares. The stock had previously closed at $29.98.

iShares Large Cap Deep Buffer ETF Stock Performance

The stock’s 50 day moving average price is $30.69 and its 200 day moving average price is $30.65. The company has a market capitalization of $121.14 million, a P/E ratio of 25.23 and a beta of 0.59.

iShares Large Cap Deep Buffer ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 30th were paid a dividend of $0.2656 per share. The ex-dividend date of this dividend was Monday, December 30th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of IVVB. Captrust Financial Advisors lifted its holdings in shares of iShares Large Cap Deep Buffer ETF by 43.2% in the 3rd quarter. Captrust Financial Advisors now owns 243,967 shares of the company’s stock worth $7,382,000 after purchasing an additional 73,616 shares in the last quarter. Strategic Blueprint LLC raised its holdings in iShares Large Cap Deep Buffer ETF by 33.4% during the fourth quarter. Strategic Blueprint LLC now owns 31,636 shares of the company’s stock worth $966,000 after buying an additional 7,922 shares during the last quarter. OLD Mission Capital LLC bought a new position in shares of iShares Large Cap Deep Buffer ETF in the fourth quarter valued at $692,000. Finally, Planned Solutions Inc. acquired a new position in shares of iShares Large Cap Deep Buffer ETF during the fourth quarter valued at about $5,554,000.

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.