iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Trading 0.4% Higher – Time to Buy?

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW)’s stock price were up 0.4% on Tuesday . The company traded as high as $29.54 and last traded at $29.51. Approximately 18,083 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 105,206 shares. The stock had previously closed at $29.40.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Stock Performance

The company has a market cap of $220.65 million, a P/E ratio of 10.56 and a beta of 0.24. The firm has a 50 day moving average price of $29.83 and a 200-day moving average price of $29.99.

Institutional Investors Weigh In On iShares High Yield Corporate Bond BuyWrite Strategy ETF

A number of large investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA raised its position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 45.4% in the fourth quarter. Private Trust Co. NA now owns 2,104 shares of the company’s stock valued at $63,000 after purchasing an additional 657 shares during the period. Arax Advisory Partners bought a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 4th quarter worth $337,000. Arkadios Wealth Advisors acquired a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF in the 4th quarter valued at $500,000. RiverFront Investment Group LLC grew its stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 148.5% in the 2nd quarter. RiverFront Investment Group LLC now owns 34,874 shares of the company’s stock valued at $1,067,000 after buying an additional 20,843 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 1.2% in the 4th quarter. JPMorgan Chase & Co. now owns 177,335 shares of the company’s stock worth $5,295,000 after acquiring an additional 2,118 shares during the period.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Company Profile

The iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) is an exchange-traded fund that is based on the Cboe HYG BuyWrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares High Yield Corporate Bond ETF and writing one-month call options against the shares. HYGW was launched on Aug 18, 2022 and is managed by BlackRock.