iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW) Shares Up 1% – Time to Buy?

iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW)’s share price shot up 1% during mid-day trading on Thursday . The company traded as high as $45.27 and last traded at $45.27. 3,215 shares changed hands during trading, a decline of 14% from the average session volume of 3,756 shares. The stock had previously closed at $44.82.

iShares Russell 2000 BuyWrite ETF Stock Performance

The stock’s 50 day simple moving average is $45.26 and its 200-day simple moving average is $45.82.

Institutional Trading of iShares Russell 2000 BuyWrite ETF

An institutional investor recently bought a new position in iShares Russell 2000 BuyWrite ETF stock. Alaska Permanent Capital Management acquired a new stake in shares of iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,507 shares of the company’s stock, valued at approximately $116,000. Alaska Permanent Capital Management owned approximately 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.