iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) Sets New 1-Year High – Time to Buy?

iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO)’s share price hit a new 52-week high on Tuesday . The company traded as high as $43.79 and last traded at $43.78, with a volume of 67230 shares traded. The stock had previously closed at $43.22.

iShares U.S. Thematic Rotation Active ETF Stock Performance

The firm’s 50 day moving average price is $42.77 and its 200-day moving average price is $40.33. The firm has a market capitalization of $6.68 billion, a PE ratio of -4,273.10 and a beta of 1.10.

Hedge Funds Weigh In On iShares U.S. Thematic Rotation Active ETF

A number of large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. acquired a new stake in iShares U.S. Thematic Rotation Active ETF in the 3rd quarter valued at $51,077,000. JPMorgan Chase & Co. lifted its holdings in iShares U.S. Thematic Rotation Active ETF by 3.4% during the fourth quarter. JPMorgan Chase & Co. now owns 10,647,530 shares of the company’s stock valued at $410,569,000 after purchasing an additional 353,519 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of 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 valued at $94,392,000 after purchasing an additional 272,849 shares during the period. Janney Montgomery Scott LLC grew its position in shares of iShares U.S. Thematic Rotation Active ETF by 8.2% in the first quarter. Janney Montgomery Scott LLC now owns 2,740,311 shares of the company’s stock valued at $99,254,000 after purchasing an additional 207,223 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of iShares U.S. Thematic Rotation Active ETF by 32.9% during the fourth quarter. Farther Finance Advisors LLC now owns 342,503 shares of the company’s stock worth $13,207,000 after purchasing an additional 84,874 shares in the last quarter.

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.