iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) Reaches New 1-Year High – Should You Buy?

iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $44.58 and last traded at $44.6050, with a volume of 195973 shares changing hands. The stock had previously closed at $43.93.

iShares U.S. Thematic Rotation Active ETF Trading Up 1.6%

The stock has a fifty day moving average of $43.43 and a two-hundred day moving average of $41.52. The company has a market capitalization of $6.77 billion, a PE ratio of -4,333.75 and a beta of 1.10.

Hedge Funds Weigh In On iShares U.S. Thematic Rotation Active ETF

Several institutional investors and hedge funds have recently made changes to their positions in THRO. Kickstand Ventures LLC. purchased a new stake in iShares U.S. Thematic Rotation Active ETF during the second quarter valued at about $6,945,000. Continuum Advisory LLC purchased a new position in shares of iShares U.S. Thematic Rotation Active ETF in the second quarter worth about $199,000. Redwood Investment Management LLC increased its holdings in shares of iShares U.S. Thematic Rotation Active ETF by 13.0% in the first quarter. Redwood Investment Management LLC now owns 62,848 shares of the company’s stock worth $2,276,000 after buying an additional 7,238 shares during the period. Parallel Advisors LLC lifted its stake in shares of iShares U.S. Thematic Rotation Active ETF by 1.8% in the 1st quarter. Parallel Advisors LLC now owns 50,704 shares of the company’s stock valued at $1,837,000 after acquiring an additional 894 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in shares of iShares U.S. Thematic Rotation Active ETF by 44.3% in the 1st quarter. Arkadios Wealth Advisors now owns 26,033 shares of the company’s stock valued at $943,000 after acquiring an additional 7,990 shares during the last quarter.

iShares U.S. Thematic Rotation Active ETF Company Profile

The iShares U.S. Thematic Rotation Active ETF (THRO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of US stocks selected to provide exposure to multiple themes, including emerging and structural trends. THRO was launched on Dec 14, 2021 and is issued by BlackRock.