iShares Renames IVVW and Enhances S&P 500 Income Strategy

BlackRock will rename the iShares S&P 500 BuyWrite ETF (IVVW) to the iShares IVV Premium Income+ ETF and adopt a revised covered call strategy around Sept. 17, 2026. The ETF will track a new Cboe buy-write index that holds the iShares Core S&P 500 ETF (IVV) while selling four staggered weekly FLEX call option tranches on the S&P 500 Index, with a greater emphasis on generating option premium income. The fund will continue making monthly distributions, which may include return of capital, and will also change its fiscal year-end to Dec. 31.