iShares Defense Industrials Active ETF (NASDAQ:IDEF) Trading Down 1.3% – Time to Sell?

iShares Defense Industrials Active ETF (NASDAQ:IDEF)’s share price traded down 1.3% during mid-day trading on Friday . The company traded as low as $33.14 and last traded at $33.30. Approximately 361,230 shares traded hands during trading, a decline of 68% from the average daily volume of 1,137,984 shares. The stock had previously closed at $33.74.

iShares Defense Industrials Active ETF Stock Performance

The company’s 50 day moving average is $32.87 and its 200-day moving average is $33.56.

iShares Defense Industrials Active ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $0.0542 dividend. The ex-dividend date was Monday, June 15th.

Institutional Trading of iShares Defense Industrials Active ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new position in shares of iShares Defense Industrials Active ETF during the first quarter valued at about $66,560,000. Beaumont Financial Advisors LLC bought a new position in shares of iShares Defense Industrials Active ETF in the first quarter valued at approximately $7,485,000. Tsfg LLC bought a new position in iShares Defense Industrials Active ETF in the 2nd quarter valued at $3,656,000. Fifth Third Wealth Advisors LLC bought a new position in iShares Defense Industrials Active ETF during the first quarter valued at about $3,359,000. Finally, Cornerstone Planning Group LLC purchased a new stake in shares of iShares Defense Industrials Active ETF during the 1st quarter worth approximately $1,844,000.

iShares Defense Industrials Active ETF Company Profile

BlackRock ETF Trust – iShares Defense Industrials Active ETF is an exchange traded fund launched by BlackRock, Inc It is managed by by BlackRock Fund Advisors. It is co managed by BlackRock International Limited. It invests in public equity markets of global region. The fund invests directly and through derivatives in stocks of companies operating across industrials, capital goods, aerospace and defense, construction and engineering, electrical engineering, industrial conglomerates, commercial and professional services sectors.