iShares Large Cap Deep Buffer ETF (NYSEARCA:IVVB) Trading Up 0.5% – Here’s What Happened

Shares of iShares Large Cap Deep Buffer ETF (NYSEARCA:IVVB) shot up 0.5% during mid-day trading on Thursday . The company traded as high as $31.03 and last traded at $31.02. 9,477 shares traded hands during trading, a decline of 60% from the average session volume of 23,534 shares. The stock had previously closed at $30.87.

iShares Large Cap Deep Buffer ETF Stock Performance

The company’s 50 day moving average is $30.41 and its 200 day moving average is $29.24.

Institutional Investors Weigh In On iShares Large Cap Deep Buffer ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IVVB. Strategic Blueprint LLC acquired a new position in shares of iShares Large Cap Deep Buffer ETF in the third quarter valued at about $718,000. Vantage Financial Partners LLC bought a new stake in iShares Large Cap Deep Buffer ETF in the 2nd quarter valued at about $8,472,000. Finally, Captrust Financial Advisors grew its position in shares of iShares Large Cap Deep Buffer ETF by 43.2% during the 3rd quarter. Captrust Financial Advisors now owns 243,967 shares of the company’s stock worth $7,382,000 after purchasing an additional 73,616 shares in the last quarter.

iShares Large Cap Deep Buffer ETF Company Profile

The iShares Large Cap Deep Buffer ETF (IVVB) 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 downside hedge against declines occurring in the range of 5-20%, during a calendar quarter.