iShares Russell 2000 BuyWrite ETF
IWMW
Chicago Board Options Exchange- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- iShares Russell 2000 BuyWrite ETF (IWMW) is an exchange-traded fund that seeks to track the Cboe FTSE Russell IWM 2% OTM BuyWrite Index by holding shares of the iShares Russell 2000 ETF (IWM), which provides exposure to U.S. small-cap equities, while writing one-month at-the-money call options on IWM to generate additional income from option premiums; the fund distributes these premiums and dividends monthly, subject to an approximate 2% cap of NAV per distribution. Primarily investing in the underlying IWM ETF (typically over 98% allocation), supplemented by cash equivalents such as BlackRock Cash Funds Treasury SL Agency and short call option positions, IWMW targets investors seeking enhanced yield from small-cap equity exposure with a covered call overlay strategy. Launched on March 14, 2024, and listed on Cboe BZX Exchange, the ETF is managed by BlackRock Fund Advisors, an affiliate of BlackRock, Inc., with headquarters in Wilmington, Delaware, and primarily serves U.S. investors through its domicile in the United States. The fund maintains a net expense ratio of 0.39%, comprising a 0.20% management fee and 0.19% acquired fund fees from IWM, with approximately $28.60-$32 million in net assets and around 700,000 shares outstanding as of recent data. Geographically focused on U.S. small-cap stocks across sectors including financials (17.7%), industrials (17.5%), healthcare (15.8%), and technology (15.3%), it offers derivative income in the equity buy-write category without pursuing ESG strategies. Recent developments include a September 23, 2025, prospectus supplement clarifying monthly distribution mechanics to emphasize option premiums, dividends, and a 2% NAV cap while noting likely return of capital distributions to maintain RIC status. On June 30, 2025, BlackRock updated intermediary payment disclosures in the SAI, listing expanded third-party arrangements for platform support and marketing; additionally, June 23, 2025, updates removed Matthew DeCicco as portfolio manager, with current management led by Orlando Montalvo (since inception) and Erin Armstrong (since June 30, 2025). No major acquisitions, funding rounds, or strategic alliances specific to IWMW have been reported since launch, though the fund reflects BlackRock's broader expansion in buy-write ETFs.