iShares Total Return Active ETF (NASDAQ:BRTR) Sets New 12-Month Low – Should You Sell?

iShares Total Return Active ETF (NASDAQ:BRTR) reached a new 52-week low during trading on Tuesday. The stock traded as low as $47.85 and last traded at $47.8050, with a volume of 10671 shares trading hands. The stock had previously closed at $47.99.

iShares Total Return Active ETF Stock Performance

The stock has a fifty day moving average of $49.15 and a 200 day moving average of $49.79. The company has a market capitalization of $772.62 million, a P/E ratio of 22.72 and a beta of 0.17.

iShares Total Return Active ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st will be given a $0.1905 dividend. The ex-dividend date is Thursday, October 1st. This is a negative change from iShares Total Return Active ETF’s previous monthly dividend of $0.1948. This represents a $2.29 annualized dividend and a dividend yield of 4.8%.

Hedge Funds Weigh In On iShares Total Return Active ETF

An institutional investor recently raised its position in iShares Total Return Active ETF stock. Arkadios Wealth Advisors increased its position in iShares Total Return Active ETF (NASDAQ:BRTR) by 242.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,840 shares of the company’s stock after buying an additional 195,923 shares during the period. Arkadios Wealth Advisors owned 2.49% of iShares Total Return Active ETF worth $13,895,000 at the end of the most recent quarter.

About iShares Total Return Active ETF

The iShares Total Return Active ETF (BRTR) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed ETF that broadly invests in corporate and government fixed income securities from around the world. Securities could be of any maturity while limiting investments in junk bonds to 20%. BRTR was launched on Dec 12, 2023 and is issued by BlackRock.