iShares Russell 2000 BuyWrite ETFiShares Russell 2000 BuyWrite ETFiShares Russell 2000 BuyWrite ETF

iShares Russell 2000 BuyWrite ETF

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Key stats


Assets under management (AUM)
‪25.46 M‬USD
Fund flows (1Y)
‪10.57 M‬USD
Dividend yield (indicated)
22.90%
Discount/Premium to NAV
0.01%
Shares outstanding
‪640.00 K‬
Expense ratio
0.39%

About iShares Russell 2000 BuyWrite ETF


Brand
iShares
Home page
Inception date
Mar 14, 2024
Structure
Open-Ended Fund
Index tracked
Cboe FTSE Russell IWM 2% OTM BuyWrite Index - Benchmark TR Gross
Replication method
Physical
Management style
Passive
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
ISIN
US46438G6952
IWMW aims to mirror the performance of an index that combines the iShares Russell 2000 ETF (ticker: IWM) with the sale of one-month call options to generate income. This strategy enables the fund to benefit from market movements of US small-cap stocks. The fund actively manages its options positions by adjusting strike prices to optimize returns. Additionally, the fund utilizes European-style call options and ensures full coverage by writing call options equivalent to the full notional number of shares of IWM, striving to enhance income generation. It selects call options closest to 102% of the Option Index's value one day before the roll date, with adjustments made if premiums dip below certain parameters. Monthly distributions consist of option premiums and dividends capped at 2% of the fund's NAV per month. While the fund strives to maximize income potential, it is important to note that it also completely shares in the downturns experienced by IWM.

Broaden your horizons with more funds linked to IWMW via country, focus, and more.

Classification


Asset Class
Equity
Category
Size and style
Focus
Small cap
Niche
Broad-based
Strategy
Buy-write
Geography
U.S.
Weighting scheme
Fixed
Selection criteria
Fixed
What's in the fund
Exposure type
Bonds, Cash & Other
ETF
Stock breakdown by region
100%
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.
IWMW trades at 40.26 USD today, its price has risen 0.46% in the past 24 hours. Track more dynamics on IWMW price chart.
IWMW net asset value is 40.25 today — it's risen 6.07% 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.
IWMW assets under management is ‪25.46 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.
IWMW price has risen by 4.65% over the last month, and its yearly performance shows a −10.83% decrease. See more dynamics on IWMW price chart.
NAV returns, another gauge of an ETF dynamics, showed a 10.19% increase in three-month performance and has increased by 4.52% in a year.
IWMW fund flows account for ‪10.57 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.
IWMW invests in funds. See more details in our Analysis section.
IWMW expense ratio is 0.39%. 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, IWMW 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, IWMW technical analysis shows the buy rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating IWMW shows the sell signal. See more of IWMW technicals for a more comprehensive analysis.
Yes, IWMW pays dividends to its holders with the dividend yield of 22.90%.
IWMW trades at a premium (0.01%).
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.
IWMW shares are issued by BlackRock, Inc.
IWMW follows the Cboe FTSE Russell IWM 2% 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.