iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) Shares Up 0.2% – Still a Buy?

iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO)’s share price traded up 0.2% on Wednesday . The company traded as high as $32.94 and last traded at $32.87. 2,044 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 2,225 shares. The stock had previously closed at $32.82.

iShares U.S. Industry Rotation Active ETF Stock Performance

The company has a 50-day moving average price of $32.28 and a 200-day moving average price of $31.41. The firm has a market capitalization of $31.56 million, a price-to-earnings ratio of 26.96 and a beta of 1.07.

iShares U.S. Industry Rotation Active ETF Increases Dividend

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

Institutional Trading of iShares U.S. Industry Rotation Active ETF

An institutional investor recently bought a new position in iShares U.S. Industry Rotation Active ETF stock. Imprint Wealth LLC acquired a new position in shares of iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 7,934 shares of the company’s stock, valued at approximately $251,000. Imprint Wealth LLC owned about 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.