Blackrock Advantage Large Cap Income ETF (NYSEARCA:BALI) Reaches New 52-Week High – Time to Buy?

Shares of Blackrock Advantage Large Cap Income ETF (NYSEARCA:BALI) hit a new 52-week high during trading on Wednesday . The stock traded as high as $32.21 and last traded at $32.21, with a volume of 43247 shares traded. The stock had previously closed at $32.08.

Blackrock Advantage Large Cap Income ETF Trading Up 0.4%

The company has a market cap of $587.05 million, a price-to-earnings ratio of 23.77 and a beta of 0.84. The stock’s 50-day moving average is $31.62 and its 200-day moving average is $30.99.

Institutional Trading of Blackrock Advantage Large Cap Income ETF

Large investors have recently made changes to their positions in the company. Vestmark Advisory Solutions Inc. raised its stake in Blackrock Advantage Large Cap Income ETF by 206.7% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 1,046,952 shares of the company’s stock worth $31,524,000 after buying an additional 705,543 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Blackrock Advantage Large Cap Income ETF by 65.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,512,958 shares of the company’s stock worth $45,555,000 after purchasing an additional 600,501 shares during the period. Bank of America Corp DE lifted its holdings in shares of Blackrock Advantage Large Cap Income ETF by 71,009.1% in the 3rd quarter. Bank of America Corp DE now owns 297,236 shares of the company’s stock worth $9,434,000 after purchasing an additional 296,818 shares in the last quarter. Granite Bay Wealth Management LLC acquired a new stake in Blackrock Advantage Large Cap Income ETF in the 3rd quarter valued at $8,857,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Blackrock Advantage Large Cap Income ETF by 3,991.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 275,578 shares of the company’s stock valued at $8,747,000 after purchasing an additional 268,843 shares in the last quarter.

About Blackrock Advantage Large Cap Income ETF

The BlackRock Advantage Large Cap Income ETF (BALI) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF that holds a portfolio of US large-cap equity securities. The fund seeks to achieve its investment objective by utilizing proprietary return forecast models combined with quantitative analysis methods BALI was launched on Sep 26, 2023 and is issued by BlackRock.