iPath CBOE S&P 500 BuyWrite Index ETN (BWV)

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Fund Description

The investment seeks to replicate, net of expenses, the CBOE S&P 500 BuyWrite Index. The index is designed to measure the total rate of return of a hypothetical “buy-write”, or “covered call”, strategy on the S&P 500 Index. This strategy consists of a hypothetical portfolio consisting of a “long” position indexed to the S&P 500 Index and the sale of a succession of one-month, at- or slightly out-of-the-money S&P 500 Index call options that are listed on the Chicago Board Options Exchange.

Fund Snapshot Updated 07.10.2014

Previous Close $62.79 Expense Ratio 0.75%
YTD Return 5.25% Avg. 30-Day Volume 266
1-Year Return 11.6% Market Cap Loading...
Bid $61.75 Shares Outstanding 172,000
Ask $63.90 Dividends $0.00

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