iShares Large Cap Deep Buffer ETF (BATS:IVVB) Shares Down 1.2% – Here’s What Happened

The iShares Large Cap Deep Buffer ETF (BATS:IVVB) experienced a decline of 1.2% in its share price during trading on Monday. The shares fell to a low of $29.25 before settling at $29.27, representing a drop from the previous closing price of $29.63. In total, about 10,846 shares were traded during the midday session.

Performance Overview of iShares Large Cap Deep Buffer ETF

This ETF has a 50-day moving average of $30.62 and a 200-day moving average of $30.68. Currently, it holds a market capitalization of approximately $234.56 million. The price-to-earnings (PE) ratio stands at 25.23, and the stock exhibits a beta of 0.62, indicating relatively low volatility compared to the broader market.

What is the iShares Large Cap Deep Buffer ETF?

The iShares Large Cap Deep Buffer ETF (IVVB) is specifically designed as an exchange-traded fund (ETF) that primarily invests in large-cap equities. Its investment strategy aims to capture price fluctuations in US large-cap stocks, up to a specified limit, while also implementing a downside protection mechanism. This hedge is effective against declines ranging from 5% to 20% that may occur within a calendar quarter.

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