iShares High Yield Active ETF (NASDAQ:BRHY) Stock Price Up 0.2% – Here’s Why

iShares High Yield Active ETF (NASDAQ:BRHY) shot up 0.2% during mid-day trading on Friday . The stock traded as high as $51.05 and last traded at $51.02. 6,411 shares were traded during mid-day trading, a decline of 34% from the average session volume of 9,701 shares. The stock had previously closed at $50.94.

iShares High Yield Active ETF Trading Up 0.2%

The firm has a 50-day moving average of $50.73 and a 200-day moving average of $51.27. The stock has a market capitalization of $99.49 million, a price-to-earnings ratio of 14.81 and a beta of 0.21.

iShares High Yield Active ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were given a $0.2788 dividend. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Friday, May 1st.

Hedge Funds Weigh In On iShares High Yield Active ETF

An institutional investor recently bought a new position in iShares High Yield Active ETF stock. Sunbelt Securities Inc. bought a new stake in iShares High Yield Active ETF (NASDAQ:BRHY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,453 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned 0.22% of iShares High Yield Active ETF at the end of the most recent reporting period.

iShares High Yield Active ETF Company Profile

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.