Main Management LLC Has $98.09 Million Stake in Main BuyWrite ETF (BATS:BUYW)

Main Management LLC lifted its stake in Main BuyWrite ETF (BATS:BUYW) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,036,711 shares of the company’s stock after purchasing an additional 303,952 shares during the period. Main BuyWrite ETF accounts for about 8.0% of Main Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Main Management LLC owned about 0.22% of Main BuyWrite ETF worth $98,092,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, First Horizon Advisors Inc. lifted its position in Main BuyWrite ETF by 9.9% during the fourth quarter. First Horizon Advisors Inc. now owns 52,069 shares of the company’s stock valued at $726,000 after buying an additional 4,700 shares during the period.

Main BuyWrite ETF Trading Up 5.6%

Shares of BUYW stock opened at $13.94 on Wednesday. The company’s fifty day moving average price is $13.55 and its 200-day moving average price is $13.83. The stock has a market cap of $665.95 million, a PE ratio of 23.50 and a beta of 0.30. Main BuyWrite ETF has a 12 month low of $12.45 and a 12 month high of $14.16.

Main BuyWrite ETF Profile

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.