iShares Large Cap Moderate Quarterly Laddered ETF
IVVM
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- Jul 3, 2023
- Website
- ishares.com
- Similar Companies
- Business
- iShares Large Cap Moderate Quarterly Laddered ETF (IVVM) is an actively managed exchange-traded fund that seeks to track the share price return of the iShares Core S&P 500 ETF (IVV) up to an approximate upside cap, while providing downside protection against approximately the first 5% of underlying ETF losses over each calendar quarter. The fund employs a laddered options strategy utilizing FLEX options, including out-of-the-money calls, zero-coupon strike calls for share price exposure, and put spreads to create the buffer; it rebalances quarterly to reset the cap and buffer levels based on IVV's share price, without holding the underlying IVV shares directly. IVVM targets investors seeking outcome-oriented exposure to large-cap U.S. equities with moderated risk, offering a buy-and-hold solution for defensive equity allocation; it operates primarily in the U.S. market through listings on the Cboe BZX Exchange. Launched on June 28, 2023, and managed by BlackRock Investments LLC under the iShares brand, the ETF is headquartered in Wilmington, Delaware, as part of BlackRock ETF Trust II, with a net expense ratio of 0.50% including acquired fund fees. In October 2025, BlackRock enhanced IVVM as its first laddered buffer ETF through product modifications to the prior iShares Large Cap Moderate Buffer ETF structure, introducing staggered options maturities for more consistent investor outcomes regardless of entry timing; this coincided with launches of four new iShares Large Cap 10% Target Buffer ETFs and the iShares Large Cap Deep Quarterly Laddered ETF (IVVB). These developments expand BlackRock's Outcome ETF suite, emphasizing buffer and defined-outcome strategies amid projected category growth to $650 billion by 2030.