iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) Shares Down 0.6% – What’s Next?

iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO)’s stock price were down 0.6% on Friday . The company traded as low as $31.20 and last traded at $31.20. Approximately 150,683 shares were traded during trading, an increase of 2,460% from the average daily volume of 5,885 shares. The stock had previously closed at $31.40.

iShares U.S. Industry Rotation Active ETF Price Performance

The company has a market cap of $30.58 million, a P/E ratio of 26.96 and a beta of 1.07. The stock has a 50-day moving average of $32.33 and a 200 day moving average of $31.92.

iShares U.S. Industry Rotation Active ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.0644 per share. The ex-dividend date was Tuesday, December 16th. This is a positive change from iShares U.S. Industry Rotation Active ETF’s previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a yield of 0.8%.

Hedge Funds Weigh In On iShares U.S. Industry Rotation Active ETF

A hedge fund recently bought a new stake in iShares U.S. Industry Rotation Active ETF stock. Imprint Wealth LLC purchased a new position in shares of iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,934 shares of the company’s stock, valued at approximately $251,000. Imprint Wealth LLC owned 0.81% of iShares U.S. Industry Rotation Active ETF at the end of the most recent quarter.

About iShares U.S. Industry Rotation Active ETF

The BlackRock U.S. Industry Rotation ETF (INRO) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to provide long-term capital appreciation through an actively managed portfolio of US equities. The portfolio rotates towards industries that BlackRock believes are best positioned for outperformance INRO was launched on Mar 26, 2024 and is issued by BlackRock.