Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) Sees Large Volume Increase – Time to Buy?

Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) shares saw unusually-strong trading volume on Wednesday . 40,246 shares were traded during mid-day trading, an increase of 83% from the previous session’s volume of 22,047 shares.The stock last traded at $59.71 and had previously closed at $59.25.

Burney U.S. Factor Rotation ETF Price Performance

The firm has a fifty day moving average of $57.70 and a 200 day moving average of $53.74. The stock has a market capitalization of $653.74 million, a price-to-earnings ratio of 22.00 and a beta of 1.03.

Institutional Investors Weigh In On Burney U.S. Factor Rotation ETF

An institutional investor recently bought a new stake in Burney U.S. Factor Rotation ETF stock. Steigerwald Gordon & Koch Inc. purchased a new position in Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,513 shares of the company’s stock, valued at approximately $278,000. Steigerwald Gordon & Koch Inc. owned 0.06% of Burney U.S. Factor Rotation ETF at the end of the most recent quarter.

About Burney U.S. Factor Rotation ETF

The Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation ETF (BRNY) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that shifts US equity exposure between size and style perceived to be advantageous for the given market phase. Individual securities are selected based on a proprietary quantitative model, using a multi-factor approach. BRNY was launched on Oct 13, 2022 and is managed by Alpha Architect.