iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) Trading Up 0.5% – Time to Buy?

iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO)’s share price shot up 0.5% during mid-day trading on Thursday . The company traded as high as $35.61 and last traded at $35.60. 3,177 shares were traded during mid-day trading, a decline of 21% from the average session volume of 4,037 shares. The stock had previously closed at $35.41.

iShares U.S. Industry Rotation Active ETF Price Performance

The company’s 50-day moving average is $32.92 and its two-hundred day moving average is $32.47. The firm has a market cap of $32.04 million, a P/E ratio of 26.96 and a beta of 1.07.

iShares U.S. Industry Rotation Active ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a dividend of $0.0577 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.23 annualized dividend and a yield of 0.6%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares U.S. Industry Rotation Active ETF stock. Imprint Wealth LLC acquired a new stake in iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,934 shares of the company’s stock, valued at approximately $251,000. Imprint Wealth LLC owned 0.81% of iShares U.S. Industry Rotation Active ETF at the end of the most recent reporting period.

iShares U.S. Industry Rotation Active ETF Company Profile

The BlackRock U.S. Industry Rotation ETF (INRO) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to provide long-term capital appreciation through an actively managed portfolio of US equities. The portfolio rotates towards industries that BlackRock believes are best positioned for outperformance INRO was launched on Mar 26, 2024 and is issued by BlackRock.