iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW) Stock Price Up 0.5% – Should You Buy?

iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW) rose 0.5% on Friday . The company traded as high as $41.50 and last traded at $41.40. Approximately 4,272 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 4,883 shares. The stock had previously closed at $41.21.

iShares Russell 2000 BuyWrite ETF Stock Up 0.5 %

The company has a market capitalization of $24.01 million, a price-to-earnings ratio of 16.27 and a beta of 0.88. The stock has a fifty day moving average price of $44.47 and a two-hundred day moving average price of $45.60.

Hedge Funds Weigh In On iShares Russell 2000 BuyWrite ETF

A hedge fund recently bought a new stake 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 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

About iShares Russell 2000 BuyWrite ETF

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.