Comerica Bank Buys New Position in Blackrock Advantage Large Cap Income ETF (NYSEARCA:BALI)

Comerica Bank bought a new stake in shares of Blackrock Advantage Large Cap Income ETF (NYSEARCA:BALI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,461 shares of the company’s stock, valued at approximately $74,000. Comerica Bank owned 0.23% of Blackrock Advantage Large Cap Income ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new stake in Blackrock Advantage Large Cap Income ETF during the 4th quarter worth about $31,000. Global Retirement Partners LLC acquired a new stake in Blackrock Advantage Large Cap Income ETF during the fourth quarter worth approximately $38,000. Johnson Financial Group Inc. acquired a new stake in Blackrock Advantage Large Cap Income ETF during the fourth quarter worth approximately $46,000. Sheets Smith Wealth Management lifted its stake in Blackrock Advantage Large Cap Income ETF by 27.3% in the fourth quarter. Sheets Smith Wealth Management now owns 18,145 shares of the company’s stock valued at $549,000 after buying an additional 3,892 shares during the period. Finally, Synergy Investment Management LLC bought a new position in shares of Blackrock Advantage Large Cap Income ETF during the 4th quarter worth approximately $156,000.

Blackrock Advantage Large Cap Income ETF Stock Up 0.8%

Shares of BALI stock opened at $29.27 on Monday. The firm has a 50 day moving average of $27.98 and a 200-day moving average of $29.77. The company has a market cap of $31.61 million, a price-to-earnings ratio of 23.41 and a beta of 0.85. Blackrock Advantage Large Cap Income ETF has a 52 week low of $25.05 and a 52 week high of $31.66.

Blackrock Advantage Large Cap Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a $0.2059 dividend. The ex-dividend date 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.