Main BuyWrite ETF (BATS:BUYW) Trading 0.1% Higher After Dividend Announcement

Main BuyWrite ETF (BATS:BUYW) traded up 0.1% during mid-day trading on Tuesday following a dividend announcement from the company. The stock traded as high as $13.80 and last traded at $13.79. 318,835 shares were traded during trading, The stock had previously closed at $13.78.

The newly announced dividend which will be paid on Tuesday, June 25th. Investors of record on Thursday, June 20th will be given a $0.0689 dividend. The ex-dividend date of this dividend is Thursday, June 20th. This is a positive change from Main BuyWrite ETF’s previous dividend of $0.07.

Main BuyWrite ETF Stock Performance

The stock has a market cap of $442.83 million, a price-to-earnings ratio of 21.55 and a beta of 0.23. The company’s 50 day simple moving average is $13.68 and its 200 day simple moving average is $13.57.

Institutional Trading of Main BuyWrite ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in BUYW. Allen Mooney & Barnes Investment Advisors LLC bought a new position in shares of Main BuyWrite ETF during the 1st quarter worth approximately $574,000. First Horizon Advisors Inc. bought a new position in Main BuyWrite ETF during the fourth quarter worth $228,000. Finally, Whittier Trust Co. acquired a new position in shares of Main BuyWrite ETF in the fourth quarter valued at $201,000.

Main BuyWrite ETF Company Profile

The Main Buywrite ETF (BUYW) is an exchange-traded fund that mostly invests in total market equity. The fund seeks risk-adjusted total returns by actively investing in global equity ETFs combined with an option writing strategy. BUYW was launched on Dec 29, 2015 and is managed by Main Funds.