iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) Stock Price Up 0.5% – Time to Buy?

iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) rose 0.5% during trading on Thursday . The company traded as high as $35.61 and last traded at $35.60. Approximately 3,177 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 4,037 shares. The stock had previously closed at $35.41.

iShares U.S. Industry Rotation Active ETF Stock Up 0.4%

The company has a market cap of $32.18 million, a price-to-earnings ratio of 26.96 and a beta of 1.07. The stock’s 50-day simple moving average is $33.00 and its 200 day simple moving average is $32.49.

iShares U.S. Industry Rotation Active ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a dividend of $0.0577 per share. This represents a $0.23 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, March 17th.

Institutional Trading of iShares U.S. Industry Rotation Active ETF

An institutional investor recently bought a new position in iShares U.S. Industry Rotation Active ETF stock. Imprint Wealth LLC purchased a new position in shares of iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,934 shares of the company’s stock, valued at approximately $251,000. Imprint Wealth LLC owned approximately 0.81% of iShares U.S. Industry Rotation Active ETF as of its most recent filing with the Securities & Exchange Commission.

iShares U.S. Industry Rotation Active ETF Company Profile

The BlackRock U.S. Industry Rotation ETF (INRO) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to provide long-term capital appreciation through an actively managed portfolio of US equities. The portfolio rotates towards industries that BlackRock believes are best positioned for outperformance INRO was launched on Mar 26, 2024 and is issued by BlackRock.