iShares Large Cap Moderate Buffer ETF (NYSEARCA:IVVM) Shares Down 1%

Shares of iShares Large Cap Moderate Buffer ETF (NYSEARCA:IVVM) dropped 1% on Friday . The stock traded as low as $28.94 and last traded at $28.94. Approximately 369 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 4,167 shares. The stock had previously closed at $29.23.

iShares Large Cap Moderate Buffer ETF Price Performance

The business has a 50 day moving average price of $29.12 and a 200-day moving average price of $28.34.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares Large Cap Moderate Buffer ETF stock. Clear Point Advisors Inc. acquired a new stake in shares of iShares Large Cap Moderate Buffer ETF (NYSEARCA:IVVM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,200 shares of the company’s stock, valued at approximately $93,000. Clear Point Advisors Inc. owned 0.24% of iShares Large Cap Moderate Buffer ETF at the end of the most recent quarter.

iShares Large Cap Moderate Buffer ETF Company Profile

The iShares Large Cap Moderate Buffer ETF (IVVM) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks to participate in the price movement of US large-cap stocks, up to a cap, while applying a 5% buffer against losses, over each calendar quarter. The actively managed fund holds a bundle of iShares Core S&P 500 ETF flex options.