iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW) Stock Price Down 4.1% – Time to Sell?

iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW) shares were down 4.1% on Wednesday . The company traded as low as $44.91 and last traded at $45.14. Approximately 7,472 shares traded hands during mid-day trading, an increase of 144% from the average daily volume of 3,068 shares. The stock had previously closed at $47.09.

iShares Russell 2000 BuyWrite ETF Price Performance

The stock’s 50 day simple moving average is $46.83 and its two-hundred day simple moving average is $46.35.

iShares Russell 2000 BuyWrite ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, November 7th. Shareholders of record on Monday, November 4th were issued a dividend of $0.8421 per share. The ex-dividend date was Monday, November 4th.

Institutional Investors Weigh In On iShares Russell 2000 BuyWrite ETF

An institutional investor recently bought a new position in iShares Russell 2000 BuyWrite ETF stock. Alaska Permanent Capital Management purchased 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 fund purchased 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 filing with the Securities & Exchange Commission.

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.