iShares High Yield Active ETF (NASDAQ:BRHY) Shares Up 0.1% After Dividend Announcement

Shares of iShares High Yield Active ETF (NASDAQ:BRHY) were up 0.1% during mid-day trading on Thursday after the company announced a dividend. The stock traded as high as $51.46 and last traded at $51.45. Approximately 10,734 shares traded hands during mid-day trading, an increase of 81% from the average daily volume of 5,926 shares. The stock had previously closed at $51.38.

The newly announced dividend which will be paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th will be issued a $0.2759 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, December 19th.

iShares High Yield Active ETF Stock Down 0.4%

The business’s 50-day moving average price is $51.84 and its 200 day moving average price is $51.76. The company has a market capitalization of $79.42 million, a P/E ratio of 14.81 and a beta of 0.24.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares High Yield Active ETF stock. Sunbelt Securities Inc. acquired a new stake in iShares High Yield Active ETF (NASDAQ:BRHY) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 3,453 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned approximately 0.22% of iShares High Yield Active ETF as of its most recent filing with the SEC.

About iShares High Yield Active ETF

The iShares High Yield Active ETF (BRHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks to maximize total return by actively managing a portfolio of high-yield corporate bonds with maturities of ten years or less. BRHY was launched on Jun 17, 2024 and is issued by BlackRock.