iShares Large Cap Deep Quarterly Laddered ETF (BATS:IVVB) Trading 0.3% Higher – Still a Buy?

iShares Large Cap Deep Quarterly Laddered ETF (BATS:IVVB) shot up 0.3% during mid-day trading on Tuesday . The company traded as high as $35.34 and last traded at $35.34. Approximately 6,976 shares were traded during trading, a decline of 68% from the average daily volume of 21,549 shares. The stock had previously closed at $35.24.

iShares Large Cap Deep Quarterly Laddered ETF Stock Up 0.3%

The company has a market capitalization of $303.92 million, a P/E ratio of 24.72 and a beta of 0.72. The firm’s 50-day moving average price is $34.86 and its 200 day moving average price is $33.95.

Institutional Trading of iShares Large Cap Deep Quarterly Laddered ETF

An institutional investor recently bought a new position in iShares Large Cap Deep Quarterly Laddered ETF stock. Operose Advisors LLC acquired a new position in iShares Large Cap Deep Quarterly Laddered ETF (BATS:IVVB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,882 shares of the company’s stock, valued at approximately $65,000.

About iShares Large Cap Deep Quarterly Laddered ETF

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. The actively managed fund holds a bundle of iShares Core S&P 500 ETF flex options. IVVB was launched on Jun 28, 2023 and is managed by BlackRock.