iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) Shares Down 0.8% – Here’s Why

iShares U.S. Industry Rotation Active ETF (NASDAQ:INROGet Free Report) were down 0.8% during mid-day trading on Thursday . The company traded as low as $36.08 and last traded at $36.08. 921 shares changed hands during trading, a decline of 75% from the average session volume of 3,713 shares. The stock had previously closed at $36.38.

iShares U.S. Industry Rotation Active ETF Trading Down 0.8%

The firm has a 50-day moving average price of $35.93 and a 200-day moving average price of $33.60. The company has a market capitalization of $34.64 million, a price-to-earnings ratio of 26.96 and a beta of 1.06.

iShares U.S. Industry Rotation Active ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.16 annualized dividend and a yield of 0.4%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in iShares U.S. Industry Rotation Active ETF stock. Imprint Wealth LLC purchased a new position in iShares U.S. Industry Rotation Active ETF (NASDAQ:INROFree Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

iShares U.S. Industry Rotation Active ETF Company Profile

(Get Free Report)

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.

Further Reading

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