Bank of New York Mellon Corp Raises Stock Position in iShares U.S. Thematic Rotation Active ETF $THRO

Bank of New York Mellon Corp grew its stake in iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) by 11.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,606,084 shares of the company’s stock after purchasing an additional 272,849 shares during the quarter. Bank of New York Mellon Corp owned about 1.29% of iShares U.S. Thematic Rotation Active ETF worth $94,392,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of THRO. Ameriprise Financial Inc. bought a new stake in shares of iShares U.S. Thematic Rotation Active ETF during the 3rd quarter valued at about $51,077,000. JPMorgan Chase & Co. raised its stake in iShares U.S. Thematic Rotation Active ETF by 3.4% in the fourth quarter. JPMorgan Chase & Co. now owns 10,647,530 shares of the company’s stock worth $410,569,000 after buying an additional 353,519 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in iShares U.S. Thematic Rotation Active ETF by 8.2% in the first quarter. Janney Montgomery Scott LLC now owns 2,740,311 shares of the company’s stock worth $99,254,000 after buying an additional 207,223 shares during the period. Farther Finance Advisors LLC lifted its holdings in iShares U.S. Thematic Rotation Active ETF by 32.9% in the fourth quarter. Farther Finance Advisors LLC now owns 342,503 shares of the company’s stock worth $13,207,000 after buying an additional 84,874 shares during the period. Finally, Ascentis Independent Advisors purchased a new stake in iShares U.S. Thematic Rotation Active ETF in the first quarter worth about $1,604,000.

iShares U.S. Thematic Rotation Active ETF Stock Performance

iShares U.S. Thematic Rotation Active ETF stock opened at $42.22 on Tuesday. iShares U.S. Thematic Rotation Active ETF has a fifty-two week low of $34.94 and a fifty-two week high of $43.76. The stock’s 50 day simple moving average is $42.75 and its two-hundred day simple moving average is $40.02. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of -4,097.44 and a beta of 1.10.

About iShares U.S. Thematic Rotation Active ETF

The iShares U.S. Thematic Rotation Active ETF (THRO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of US stocks selected to provide exposure to multiple themes, including emerging and structural trends. THRO was launched on Dec 14, 2021 and is issued by BlackRock.