Ameriprise Financial Inc. Purchases New Stake in Blackrock Advantage Large Cap Income ETF (NYSEARCA:BALI)

Ameriprise Financial Inc. purchased a new stake in shares of Blackrock Advantage Large Cap Income ETF (NYSEARCA:BALI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 474,210 shares of the company’s stock, valued at approximately $14,292,000. Ameriprise Financial Inc. owned 43.91% of Blackrock Advantage Large Cap Income ETF as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. LGT Financial Advisors LLC bought a new position in Blackrock Advantage Large Cap Income ETF during the fourth quarter valued at about $59,000. Comerica Bank bought a new position in Blackrock Advantage Large Cap Income ETF during the fourth quarter valued at about $74,000. Johnson Financial Group Inc. bought a new position in Blackrock Advantage Large Cap Income ETF during the fourth quarter valued at about $46,000. MML Investors Services LLC bought a new position in Blackrock Advantage Large Cap Income ETF during the fourth quarter valued at about $1,859,000. Finally, Concourse Financial Group Securities Inc. bought a new position in Blackrock Advantage Large Cap Income ETF during the fourth quarter worth about $413,000.

Blackrock Advantage Large Cap Income ETF Stock Up 0.8%

BALI opened at $29.27 on Friday. The company has a market capitalization of $31.61 million, a price-to-earnings ratio of 23.41 and a beta of 0.85. The firm has a 50-day moving average price of $27.98 and a 200-day moving average price of $29.78. Blackrock Advantage Large Cap Income ETF has a twelve month low of $25.05 and a twelve month high of $31.66.

Blackrock Advantage Large Cap Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.2059 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Blackrock Advantage Large Cap Income ETF’s previous dividend of $0.17.

Blackrock Advantage Large Cap Income ETF Profile

The BlackRock Advantage Large Cap Income ETF (BALI) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF that holds a portfolio of US large-cap equity securities. The fund seeks to achieve its investment objective by utilizing proprietary return forecast models combined with quantitative analysis methods BALI was launched on Sep 26, 2023 and is issued by BlackRock.