iShares U.S. Equity Factor Rotation Active ETF (NYSEARCA:DYNF) Reaches New 1-Year High – Still a Buy?

iShares U.S. Equity Factor Rotation Active ETF (NYSEARCA:DYNF) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $61.82 and last traded at $61.46, with a volume of 1194273 shares traded. The stock had previously closed at $61.67.

iShares U.S. Equity Factor Rotation Active ETF Price Performance

The firm has a market cap of $29.13 billion, a P/E ratio of 24.23 and a beta of 1.03. The stock’s 50-day simple moving average is $60.48 and its two-hundred day simple moving average is $58.01.

Institutional Trading of iShares U.S. Equity Factor Rotation Active ETF

Institutional investors have recently added to or reduced their stakes in the company. First Command Advisory Services Inc. purchased a new position in shares of iShares U.S. Equity Factor Rotation Active ETF during the third quarter valued at approximately $1,333,260,000. JPMorgan Chase & Co. boosted its holdings in iShares U.S. Equity Factor Rotation Active ETF by 16.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,898,210 shares of the company’s stock valued at $1,355,574,000 after acquiring an additional 3,242,172 shares during the period. Ameriprise Financial Inc. boosted its holdings in iShares U.S. Equity Factor Rotation Active ETF by 35.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 12,249,151 shares of the company’s stock valued at $724,896,000 after acquiring an additional 3,227,607 shares during the period. Bank of New York Mellon Corp grew its position in iShares U.S. Equity Factor Rotation Active ETF by 27.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,737,264 shares of the company’s stock valued at $221,246,000 after acquiring an additional 794,487 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in iShares U.S. Equity Factor Rotation Active ETF by 16.9% in the third quarter. Janney Montgomery Scott LLC now owns 4,708,787 shares of the company’s stock worth $278,760,000 after purchasing an additional 682,109 shares during the period.

About iShares U.S. Equity Factor Rotation Active ETF

The BlackRock U.S. Equity Factor Rotation ETF (DYNF) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund of large- and mid-cap US stocks that uses five equity style factors. DYNF was launched on Mar 19, 2019 and is managed by BlackRock.