Main BuyWrite ETF (BATS:BUYW) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Main BuyWrite ETF (BATS:BUYW) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.84 and traded as high as $13.99. Main BuyWrite ETF shares last traded at $13.98, with a volume of 52,900 shares.

Main BuyWrite ETF Trading Up 0.1 %

The company’s fifty day simple moving average is $13.94 and its 200 day simple moving average is $13.84. The stock has a market capitalization of $451.55 million, a P/E ratio of 21.55 and a beta of 0.23.

Hedge Funds Weigh In On Main BuyWrite ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. raised its holdings in shares of Main BuyWrite ETF by 8.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 49,089 shares of the company’s stock valued at $674,000 after acquiring an additional 3,922 shares in the last quarter. Virtue Capital Management LLC increased its position in shares of Main BuyWrite ETF by 1.1% in the third 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 last quarter. Finally, Main Management LLC raised its stake in Main BuyWrite ETF by 5.7% in the third 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 in the last quarter.

About Main BuyWrite ETF

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.