iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) Sees Large Volume Increase – Still a Buy?

iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) saw unusually-strong trading volume on Thursday . Approximately 8,342,801 shares traded hands during trading, an increase of 666% from the previous session’s volume of 1,088,530 shares.The stock last traded at $43.16 and had previously closed at $43.05.

iShares U.S. Thematic Rotation Active ETF Stock Performance

The stock has a fifty day moving average of $39.55 and a 200-day moving average of $38.85. The company has a market cap of $8.77 billion, a PE ratio of -4,201.28 and a beta of 1.10.

Institutional Trading of iShares U.S. Thematic Rotation Active ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Arkadios Wealth Advisors lifted its stake in iShares U.S. Thematic Rotation Active ETF by 44.3% in the first quarter. Arkadios Wealth Advisors now owns 26,033 shares of the company’s stock worth $943,000 after acquiring an additional 7,990 shares during the period. EverSource Wealth Advisors LLC lifted its stake in iShares U.S. Thematic Rotation Active ETF by 27.2% in the first quarter. EverSource Wealth Advisors LLC now owns 10,023 shares of the company’s stock worth $363,000 after acquiring an additional 2,144 shares during the period. Parallel Advisors LLC lifted its stake in iShares U.S. Thematic Rotation Active ETF by 1.8% in the first quarter. Parallel Advisors LLC now owns 50,704 shares of the company’s stock worth $1,837,000 after acquiring an additional 894 shares during the period. Cornerstone Planning Group LLC lifted its stake in iShares U.S. Thematic Rotation Active ETF by 38.3% in the first quarter. Cornerstone Planning Group LLC now owns 79,733 shares of the company’s stock worth $2,888,000 after acquiring an additional 22,091 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in iShares U.S. Thematic Rotation Active ETF by 11.7% in the first quarter. Bank of New York Mellon Corp now owns 2,606,084 shares of the company’s stock worth $94,392,000 after acquiring an additional 272,849 shares during the period.

iShares U.S. Thematic Rotation Active ETF Company Profile

The iShares U.S. Thematic Rotation Active ETF (THRO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of US stocks selected to provide exposure to multiple themes, including emerging and structural trends. THRO was launched on Dec 14, 2021 and is issued by BlackRock.