iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) Trading Down 0.6% – Here’s What Happened

iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO)’s share price fell 0.6% on Friday . The company traded as low as $31.20 and last traded at $31.20. 150,683 shares changed hands during trading, an increase of 2,460% from the average session volume of 5,885 shares. The stock had previously closed at $31.40.

iShares U.S. Industry Rotation Active ETF Trading Down 0.6%

The company’s fifty day simple moving average is $32.33 and its 200 day simple moving average is $31.93. The stock has a market capitalization of $30.58 million, a P/E ratio of 26.96 and a beta of 1.07.

iShares U.S. Industry Rotation Active ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a dividend of $0.0644 per share. This is a positive change from iShares U.S. Industry Rotation Active ETF’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, December 16th.

Hedge Funds Weigh In On 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 bought a new position in iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,934 shares of the company’s stock, valued at approximately $251,000. Imprint Wealth LLC owned about 0.81% of iShares U.S. Industry Rotation Active ETF as of its most recent SEC filing.

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.