iShares High Yield Active ETF (NASDAQ:BRHY) Plans Dividend Increase – $0.27 Per Share

iShares High Yield Active ETF (NASDAQ:BRHY) announced a monthly dividend on Monday, August 31st. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.2723 per share on Friday, September 4th. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Tuesday, September 1st. This is a 1.0% increase from iShares High Yield Active ETF’s previous monthly dividend of $0.27.

iShares High Yield Active ETF Stock Down 0.8%

Shares of iShares High Yield Active ETF stock traded down $0.42 during trading on Tuesday, reaching $50.67. The company’s stock had a trading volume of 9,592 shares, compared to its average volume of 17,464. iShares High Yield Active ETF has a 12-month low of $49.88 and a 12-month high of $53.16. The company has a market capitalization of $136.81 million, a P/E ratio of 14.81 and a beta of 0.21. The business has a 50 day moving average price of $50.96 and a 200-day moving average price of $50.93.

Institutional Investors Weigh In On iShares High Yield Active ETF

An institutional investor recently bought a new position in iShares High Yield Active ETF stock. Sunbelt Securities Inc. purchased a new position in shares of iShares High Yield Active ETF (NASDAQ:BRHY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,453 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned 0.22% of iShares High Yield Active ETF as of its most recent SEC filing.

About iShares High Yield Active ETF

The iShares High Yield Active ETF (BRHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks to maximize total return by actively managing a portfolio of high-yield corporate bonds with maturities of ten years or less. BRHY was launched on Jun 17, 2024 and is issued by BlackRock.