Main BuyWrite ETF (BATS:BUYW) Trading Up 0.3% – Here’s Why

Main BuyWrite ETF (BATS:BUYW) shares shot up 0.3% during trading on Monday . The company traded as high as $13.96 and last traded at $13.96. 99,894 shares were traded during mid-day trading, The stock had previously closed at $13.92.

Main BuyWrite ETF Stock Performance

The company has a market cap of $451.55 million, a price-to-earnings ratio of 21.55 and a beta of 0.23. The company has a fifty day moving average of $13.93 and a two-hundred day moving average of $13.83.

Institutional Investors Weigh In On Main BuyWrite ETF

Several hedge funds have recently added to or reduced their stakes in BUYW. First Horizon Advisors Inc. lifted its stake in shares of Main BuyWrite ETF by 8.7% in the second quarter. First Horizon Advisors Inc. now owns 49,089 shares of the company’s stock worth $674,000 after acquiring an additional 3,922 shares during the period. Virtue Capital Management LLC lifted its position in shares of Main BuyWrite ETF by 1.1% in the 3rd quarter. Virtue Capital Management LLC now owns 1,194,565 shares of the company’s stock worth $16,652,000 after purchasing an additional 13,353 shares during the period. Finally, Main Management LLC boosted its stake in shares of Main BuyWrite ETF by 5.7% in the 3rd quarter. Main Management LLC now owns 6,732,759 shares of the company’s stock valued at $93,855,000 after purchasing an additional 361,273 shares during the last quarter.

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.