iShares Large Cap Moderate Buffer ETF (NYSEARCA:IVVM) Stock Price Down 1%

Shares of iShares Large Cap Moderate Buffer ETF (NYSEARCA:IVVM) dropped 1% on Friday . The company traded as low as $28.94 and last traded at $28.94. Approximately 369 shares traded hands during trading, a decline of 91% from the average daily volume of 4,167 shares. The stock had previously closed at $29.23.

iShares Large Cap Moderate Buffer ETF Trading Down 1.0 %

The stock has a fifty day moving average of $29.12 and a two-hundred day moving average of $28.33.

Institutional Trading of iShares Large Cap Moderate Buffer ETF

An institutional investor recently bought a new position in iShares Large Cap Moderate Buffer ETF stock. Clear Point Advisors Inc. bought a new stake in iShares Large Cap Moderate Buffer ETF (NYSEARCA:IVVM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,200 shares of the company’s stock, valued at approximately $93,000. Clear Point Advisors Inc. owned about 0.24% of iShares Large Cap Moderate Buffer ETF as of its most recent filing with the Securities & Exchange Commission.

About iShares Large Cap Moderate Buffer 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.