Key stats
About iShares Trust iShares S&P 500 BuyWrite ETF
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Inception date
Mar 14, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
IVVW aims to distribute monthly income from option premiums and dividends, subject to a 2% cap of the funds NAV per month. Through a covered call strategy, the index mirrors the large-cap US sector while simultaneously writing one-month call options. Specifically, these options reference the iShares Core S&P 500 ETF (IVV) and will have strike prices set at 101% of the closing value of the option index. This approach allows investors to benefit from market stability while potentially enhancing returns through premiums. The fund utilizes European-style call options, which means they can only be exercised on the expiration date. The fund may adjust its option writing strategy based on prevailing market conditions and avoid options with minimal income potential. Investors should be aware that distributions may exceed earnings and profits, potentially resulting in a return of capital. The index is rebalanced monthly.
Related funds
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
IVVW trades at 45.39 USD today, its price has risen 0.11% in the past 24 hours. Track more dynamics on IVVW price chart.
IVVW net asset value is 45.36 today — it's risen 3.07% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
IVVW assets under management is 180.30 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
IVVW price has risen by 1.86% over the last month, and its yearly performance shows a −8.74% decrease. See more dynamics on IVVW price chart.
NAV returns, another gauge of an ETF dynamics, showed a 7.35% increase in three-month performance and has increased by 0.65% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 7.35% increase in three-month performance and has increased by 0.65% in a year.
IVVW fund flows account for 165.68 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
IVVW invests in funds. See more details in our Analysis section.
IVVW expense ratio is 0.25%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, IVVW isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, IVVW technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating IVVW shows the sell signal. See more of IVVW technicals for a more comprehensive analysis.
Today, IVVW technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating IVVW shows the sell signal. See more of IVVW technicals for a more comprehensive analysis.
Yes, IVVW pays dividends to its holders with the dividend yield of 18.10%.
IVVW trades at a premium (0.15%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
IVVW shares are issued by BlackRock, Inc.
IVVW follows the Cboe S&P 500 Enhanced 1% OTM BuyWrite Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Mar 14, 2024.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.