iShares Large Cap Core Active ETF (NASDAQ:BLCR) Sets New 52-Week High – Here’s Why

iShares Large Cap Core Active ETF (NASDAQ:BLCR) hit a new 52-week high during trading on Thursday . The company traded as high as $47.22 and last traded at $46.91, with a volume of 36908 shares. The stock had previously closed at $46.88.

iShares Large Cap Core Active ETF Trading Up 0.8%

The business has a fifty day moving average price of $43.41 and a two-hundred day moving average price of $42.54. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 29.58 and a beta of 1.18.

iShares Large Cap Core Active ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were paid a $0.0035 dividend. This represents a $0.01 annualized dividend and a yield of 0.0%. The ex-dividend date was Tuesday, March 17th.

Hedge Funds Weigh In On iShares Large Cap Core Active ETF

Several institutional investors and hedge funds have recently modified their holdings of BLCR. Janney Montgomery Scott LLC acquired a new position in shares of iShares Large Cap Core Active ETF in the first quarter worth $73,344,000. Beacon Financial Group acquired a new stake in iShares Large Cap Core Active ETF during the first quarter valued at $8,807,000. Fifth Third Wealth Advisors LLC purchased a new position in iShares Large Cap Core Active ETF in the first quarter valued at about $3,066,000. Worth Asset Management LLC grew its stake in iShares Large Cap Core Active ETF by 2.9% in the first quarter. Worth Asset Management LLC now owns 10,750 shares of the company’s stock valued at $441,000 after purchasing an additional 300 shares in the last quarter. Finally, AdvisorNet Financial Inc acquired a new position in iShares Large Cap Core Active ETF in the 1st quarter worth about $56,000.

iShares Large Cap Core Active ETF Company Profile

The BlackRock Large Cap Core ETF (BLCR) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of attractively valued large-cap equity securities selected through fundamental and quantitative analysis. It primarily holds US companies but may invest in foreign securities up to 25%. BLCR was launched on Oct 24, 2023 and is issued by BlackRock.